Taiwan’s Defense Spending: The Security Consequences of Choosing Butter over Guns

The People’s Republic of China (PRC) announced on March 4 that it would raise its defense budget by 10.1 percent in 2015, which continues an almost unbroken pattern of double-digit annual increases over the past two decades. Meanwhile, defense spending by the Republic of China (ROC) on Taiwan, which faces an ever-growing military threat from […]