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World Business Report
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Navigating NATO's Defense Commitments
This chapter analyzes the outcomes of a recent NATO summit, focusing on diverging views among leaders about defense spending commitments. It examines Spain's proposal for a higher GDP allocation and Canada's call for a special session on Ukraine, amidst a calm summit atmosphere influenced by U.S. leadership. The discussion also delves into the implications of increased defense budgets, the complexities of military spending definitions, and the potential impact on the defense industry amidst broader economic challenges.
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