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Who Gains and Who Loses From the End of the War? Is There an Economic Premium for Peace?
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The end of war usually raises hopes for the economic rewards of peace—less military spending, less risk, and more money for investment and development. However, it's worth reversing the perspective a bit. Peace isn't an event that simultaneously causes entrepreneurs to crack open champagne, the stock market to soar, and GDP to soar. The economy is much less romantic in this regard. The end of war won't suddenly make money appear out of thin air.…
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