What are the economics of war

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=pp6yPCM-3fI

Last March, Thierry Breton, the EU's commissioner for internal market, advocated for a shift of the European defense industry toward a war economy. • Europe is facing an existential threat, he said, as the Commission announced a new defense strategic plan, with a minimum of €1.5 billion ($1.6 billion) subsidy to boost the continent's war machine. • Nations are investing in their armed forces too. • In Germany, arms maker Rheinmetall inaugurated a new factory in February that will produce artillery ammunition, explosives and rockets. • Aerospace and defense company Kongsberg also opened a new anti-ship and cruise missile manufacturing plant in Norway last June. • According to the Stockholm International Peace Research Institute, military expenditure reached a peak of $2.4 trillion in 2023, the highest year-on-year rise since 2009. • Watch the video above to learn more about the economics of war. • #CNBC #CNBCExplains • ----- • Subscribe: http://cnb.cx/2wuoARM • CNBC International TV: https://cnb.cx/2NGytpz • LinkedIn: / cnbc-international • TikTok: / cnbci • Facebook: / cnbcinternational • Instagram: / cnbcinternational • Threads: https://www.threads.net/@cnbcinternat... • X: / cnbci • Telegram: https://t.me/cnbci • WhatsApp: https://bit.ly/CNBCiWhatsApp

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