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The Presence of US Troops Abroad Can Create Economic Growth in Developing Nations

February 16, 2012 1 minute Read by Amity Shlaes

President Barack Obama is signaling he wants to get out of Afghanistan so badly that he’s even taking a few political gambles to accelerate a pullout. There’s also a more general sense that putting soldiers in other countries has proved a bad investment for everyone involved, rendering those nations sadder, rougher and poorer. Given the parlous budgetary conditions in the U.S., the thinking goes, it would be better to slash U.S. defense spending. We need money at home. Yet the opposite may be true, at least when it comes to the most obvious form of investment: in economic growth abroad. The full text posted on Bloomberg.com here: http://www.bloomberg.com/news/2012-02-16/if-u-s-troops-pull-out-economic-growth-may-slow-amity-shlaes.html This post written by Amity Shlaes, Director of the 4% Growth Project. Find her on Twitter @AmityShlaes

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