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Dr Clayton K S Chun
Do Oil Exports Fuel Defense Spending?
February 1, 2010
— Author: Dr Clayton K S Chun This monograph explores the impact that oil revenue had on the national defense spending of five oil-exporting countries. Despite periods of falling oil revenues, these countries typically did not lower defense spending. In some cases, defense spending increased sharply, or the rate of decrease was much lower than the...
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