Originally published by BusinessDay. Read the full story →
War is first a human tragedy, but markets do not read history through grief. They read it through orders, contracts, fuel prices, insurance premiums, shipping delays and government budgets. That is the uncomfortable starting point for any serious discussion of the economics of war. SIPRI estimates that global military expenditure rose to $2.718 trillion in […] read more The Economics of War: Who Profits, Who Pays