Determinants of defense expenditure in South Korea / Lee So Yeon
This research pointed out the importance of defense spending as an „economic means‟ for national security in South Korea while due to the aftermath of US-China trade war, the threats and tension between North Korea and other neighboring countries such as China have become much more severe. In thi...
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| Format: | Thesis |
| Published: |
2020
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| Subjects: | |
| Online Access: | http://studentsrepo.um.edu.my/13456/1/Lee_So_Yeon.pdf http://studentsrepo.um.edu.my/13456/2/Lee_So_Yeon.pdf http://studentsrepo.um.edu.my/13456/ |
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| Institution: | Universiti Malaya |
| Summary: | This research pointed out the importance of defense spending as an „economic
means‟ for national security in South Korea while due to the aftermath of US-China
trade war, the threats and tension between North Korea and other neighboring
countries such as China have become much more severe. In this context, an empirical
study was conducted to investigate the factors determining national defense
expenditure with secondary data from 1960 to 2018. The domestic factors namely
economic growth, arms trade, the threat of North Korea and the Republic of Korea
(ROK)-United States (US) defense alliance were established as those explanatory
variables. The findings showed that the effect of threats and alliance factor on defense
expenditure was important in explaining the South Korean defense expenditure. This
paper suggested that strengthening the ROK-US-Japan defense alliance, promotion of
Official Development Assistance, and adoption of Women's basic military training
system for contributing to long-term defense security and national interests of South
Korea.
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