The Socio-Economic Perspective for the Guns Vs. Butter Trade-Off in the European Union Countries
At the NATO Wales Summit in 2014, European allies agreed to spend at least 2% of GDP on defence.1 However, the break-out of the Russo-Ukrainian war increased EU countries efforts to spend more on military capability not only because of solidarity in the alliance, but also as an effect of the support...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2025-06-01
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| Series: | Folia Oeconomica Stetinensia |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/foli-2025-0017 |
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| Summary: | At the NATO Wales Summit in 2014, European allies agreed to spend at least 2% of GDP on defence.1 However, the break-out of the Russo-Ukrainian war increased EU countries efforts to spend more on military capability not only because of solidarity in the alliance, but also as an effect of the support for Ukraine, let alone a rising security threat to their communities. Economic theory provides evidence that all-kind resources are limited, including public ones, therefore, many EU countries are facing or will face a fiscal challenges concerning the trade-off between military and non-military expenditure in the coming years. |
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| ISSN: | 1898-0198 |