Similarly, the historical record suggests that there is
Citations (1)
- The Rise and Fall of the Great Powers whole source · open book
Edwardian Britain’s defense expenditures were far greater in 1910 than they were at, say, the time of Palmerston’s death in 1865, when the British economy was relatively at its peak; but which Britons by the later date felt more secure? The same problem, it will be argued below, appears to be facing both the United States and the USSR today. Great Powers in relative decline instinctively respond by spending more on “security,” and thereby divert potential resources from “investment” and compound their long-term dilemma.
chapter: Introduction