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The Economic Impact of Military Spending and Technological Innovation

The Economic Impact of Military Spending and Technological Innovation

We discuss how military spending during times of conflict can lead to increased employment and facilitate the introduction of new technologies and innovations in the defense industry, which can later be used in civilian applications. Evidence for this can be seen in the fact that many important innovations in our daily lives, such as the internet, were initially developed for military purposes. While there may be differing opinions on the concept of military spending, it is undeniable that it has a significant impact on economic growth.

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