The Corona Pandemic and its Impact on Military Spending - Blog post

Prof. Dr. Michael Brzoska

The current Corona crisis obviates the potential for massive impacts of non-traditional security risks. In addition, it has also revealed the lack of preparedness for such a major event. In a contribution to the “economists on peace” blog IFSH senior fellow Michael Brzoska outlines the potential consequences for military spending. In the short run, current spending plans will come under scrutinity in order to be able to reduce the massive public debts built up during the crisis. Beyond that changes in the allocation of funds for the various security threats are to be expected in the longer run.

Read the full article here.