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Rising Military Spending Fuels Global Industrial Growth

12/9/2025

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Summary

Story summary

Global military spending is rising as major economies seek to boost industrial production.
AJP Taylor argues war drives innovation, as seen in World War I, World War II, and the Cold War.
The United States, the European Union, and Japan are expanding defense production to spur growth and counter deindustrialization.
Analysts say military industries have dual purposes, enabling states to mobilize their industrial bases and reduce reliance on China.

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Story summary

Global military spending is rising as major economies seek to boost industrial production.
AJP Taylor argues war drives innovation, as seen in World War I, World War II, and the Cold War.
The United States, the European Union, and Japan are expanding defense production to spur growth and counter deindustrialization.
Analysts say military industries have dual purposes, enabling states to mobilize their industrial bases and reduce reliance on China.