World Economics - Insight , Analysis and Data
World Economics Journal
Crime & corruption
Economic indicators and forecasting
Gross Domestic Product (GDP)
Savings and debt
Exchange Rate Policy
Labour Market Reform
Law and Justice
Food and Agriculture
Media, Sport and Entertainment
Retail and Consumer Goods
World Economics Journal Archive
Browse the complete World Economics Journal archive.
World Economics Authors
Biographies and contact details for all authors.
Full list of executive editors and our advisory board
Submit an Article
Details and notes for authors regarding journal submissions.
Journal Subscription Information
Subscribe to the journal online.
About World Economics
History and information about the site.
Useful numbers and contact details.
Terms & Conditions
The Poverty of Statistics: Military Power, Defence Expenditure and Strategic Balance
World Economics, March 2015
Military expenditure and the number of service personnel are the two features most commonly used to compare national military power. The question remains, however, to what extent these reflect the real-world situation. This study aims to provide an answer by using economic and military data about conflicts between great powers over the last 160 years. Correlations of War data are employed to show that the relationship between pre-war military expenditure and army size on the one hand and outcomes of war on the other, is blurry to say the least. States with higher military expenditure prevailed in only six of the nine conflicts between great powers examined in this research. Only four of the nine were won by the state with the larger peacetime army. Using the case of the Franco-Prussian War, this work illustrates that even the superiority of both mentioned variables cannot ward off a crushing defeat, let alone ensure victory. A nation’s military power stems from its ability to adapt effectively to the realities of modern warfare. This is what neither high military expenditure nor sheer soldier numbers can guarantee.
Measuring Employment in Developing Countries
World Economics, September 2014
Going Beyond Averages
World Economics, March 2013
Measuring Global Poverty Right
M. G. Quibria
World Economics, December 2005
Keep updated with:
Posts from Facebook
Tweets from Twitter
Groups on LinkedIn
Alerts from RSS feed
Copyright World Economics Ltd. 2017