A peripheral economies must push the bar and get a higher percentage. But as the economy grows, the percentage can go down a little, as the absolute value is already big.
But the real question is “What R&D?”.
A low budget on public health is preferable to a high on mining industry for a poor country.
10% on defense spending? That’s insanely high. Even the US only spends 3.2% of GDP directly on “defense”.
A Swiss like preparation for guerilla warfare that pretty much makes an invasion impossible (but no attack capabilities) is really cheap and much preferable.
In my country there’s a social movement asking for at least 2%…
This is a lot of money, but I like it. Especially if it’s aimed at improving our lives through equity, inclusion, and sustainable growth.
A peripheral economies must push the bar and get a higher percentage. But as the economy grows, the percentage can go down a little, as the absolute value is already big. But the real question is “What R&D?”. A low budget on public health is preferable to a high on mining industry for a poor country.
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Huh. I’m sure you have good reasons, and I’m curious. Why do you think so?
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… I dunno, keep pouring and I’ll say when
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at least 3 percent
Lets say 10 people in an economy (maybe in reality this could be 1 person = 10 million person-years, so a country with 100 million working ppl):
10% on defense spending? That’s insanely high. Even the US only spends 3.2% of GDP directly on “defense”.
A Swiss like preparation for guerilla warfare that pretty much makes an invasion impossible (but no attack capabilities) is really cheap and much preferable.
P.S.: And you forgot about primary production ;)
All I know, is that any whole number is probably more that what is currently spent, and any amount would make a significant difference.
I just wish no corruption
I am not an economist or whatever how should I know.
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