Estimating the Value of Overseas Security Commitments

Abstract

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Testing the Value of the Postwar International Order

“…6 The study concludes that a 50 percent reduction in U.S. presence could lead to a loss of $577 billion in annual trade, equating to a $490 billion hit to GDP (Egel et al, 2016). See also Brooks and Wohlforth, 2016, p. 93. 7 Gowa and Mansfield, 1993.…”