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Defence spending is like insurance – how will NZ pay the higher premiums?

  • Written by Stephen Hickson, Lecturer in Economics and Director, Business Taught Masters Programme, University of Canterbury
Defence spending is like insurance – how will NZ pay the higher premiums?Getty Images

Defence spending is like insurance – you have to pay for it but you hope you never have to use it. And the higher the risk you face, the higher your premium will be.

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