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Collective security is arrangement between states in which in the institution accepts that an attack on one state is the concern of all and merits a collective response to threats by all. [1] Collective security was a key principle underpinning the League of Nations and the United Nations. [ 1 ]
In economics, a public good (also referred to as a social good or collective good) [1] is a good that is both non-excludable and non-rivalrous. Use by one person neither prevents access by other people, nor does it reduce availability to others. [1] Therefore, the good can be used simultaneously by more than one person. [2]
The economics of defense or defense economics is a subfield of economics, an application of the economic theory to the issues of military defense. [1] It is a relatively new field. An early specialized work in the field is the RAND Corporation report The Economics of Defense in the Nuclear Age by Charles J. Hitch and Roland McKean ( [2] 1960 ...
If it is determined that Moscow was to blame for the blast, it could trigger NATO’s principle of collective defense known as Article 5, in which an attack on one of the Western alliance’s ...
Club goods (also artificially scarce goods, toll goods, collective goods or quasi-public goods) are a type of good in economics, [1] sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs. Often these goods exhibit high excludability, but at the same time ...
The Inter-American Treaty of Reciprocal Assistance [2] (commonly known as the Rio Treaty, the Rio Pact, the Treaty of Reciprocal Assistance, or by the Spanish-language acronym TIAR from Tratado Interamericano de Asistencia Recíproca) is an intergovernmental collective security agreement signed in 1947 in Rio de Janeiro at a meeting of the American states.
Turkey on Tuesday floated the possibility of invoking NATO's collective defense provision in its ongoing conflict with U.S.-allied Syrian Kurdish forces."We do not question the viability of Article 5.
Economic capability largely determines the defence capability of a nation, and thus a sound economic security directly influences the national security of a nation. That is why we see countries with sound economy, happen to have sound security setup too, such as The United States, China, India among others. In larger countries, strategies for ...