Defence spending and military modernisation : should it be recession-proof?
Bitzinger, Richard A.
Kuah, Adrian W. J
Loo, Bernard Fook Weng
Date of Issue2008
S. Rajaratnam School of International Studies
Given the current global economic crisis, there is growing debate over whether defence budgets should be recession-proof. National security is a first-order priority for any country. Yet, militaries should never be given a blank check when it comes to spending. The decision to shield dfence budgets during tough econnomic times is ultimately a political one.
DRNTU::Social sciences::Military and naval science
RSIS Commentaries ; 135/08