Trade liberalization reduces countries' defense spending

(National Research University Higher School of Economics) Reducing trade barriers between countries reduces the likelihood of armed conflict and leads to a reduction in defense spending. In turn, this promotes a domino effect in relation to other countries, which has a positive effect on the situation in the world as a whole. This is the conclusion reached by Roman Zakharenko, Assistant Professor of the HSE International College of Economics and Finance, and his colleagues regarding the relation