The 15 POOREST AFRICAN MILITARIES 2023...
The 15 African Countries with the least defense budget...
Terrorism has become a major challenge to socioeconomic development in many African countries. This has spurred research on the extent to which terrorism affects economic growth.
But an area that’s been less examined is the influence of military expenditure on the relationship between terrorism and economic growth in Africa.
In an effort to mitigate the impact of terrorism on the economy, African countries have increased military spending. Research shows that military expenditure in Africa had increased by 91% since 2005.
There is a way in which the increase in military expenditure can mitigate terrorism’s negative effect on economic growth. This is through the effect of increased counter-terrorism. It improves security and leads to the reduction in economic uncertainty, the restoration of economic activity, and ultimately increased investment.
So in today’s video, we will look at the top 15 African countries with the lowest military budget in 20 23. Let’s start!
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