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The Philippines: A Warring Nation?
Summary by The World Financial Review
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The Philippines: A Warring Nation?
By Dan Steinbock Not a day goes by in the Philippines without reports about new friction and arms sales. Elevated military spending is now undermining economic development, while fostering economic uncertainty and political volatility. Last week, Philippine and US Marines demonstrated “lethal firepower in two separate live fire exercises” the Philippine Marine Corps portrayed as “defense partnership.” It went hand in hand with high-profile, high…
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