That is basically correct. The only places that can see conomc benefit from wars are those that produce arms and munitions - i.e. the USA.Saria wrote: It depends on what sort of war spending is going on. The reason why war can boost economic growth is because during war times people is because employment opportunities arrive, but honestly that depends on whether or not the country is producing enough supplies to go to war in the first place and if a military draft is in place which would cause that increase in jobs.
As a rule, prolonged war usually kills economies but quicker wars usually stimulate it…
In the end war doesn't produce stuff, it consumes stuff. Always a net loss all round.
And the USA has spent trillions on Iraq and Afganistan but has not had trillions back in economic benefit even though it manufactures all the weapons. Because, as Saria says, these are long drawn out wars