TY - BOOK AU - DREZNER Daniel W TI - Military primacy doesn't pay: (nearly as much as you think) PY - 2013/// KW - UNITED STATES KW - DEFENCE BUDGETS KW - DEFENCE ECONOMICS N2 - America has the world's most advanced military together with global reach and presence. While the cost of this international dimension is substantial there are generally considered to be compensatory economic benefits to the USA which help to defray the costs. This article suggests that as far as military hegemony is concerned these benefits have been exaggerated ER -