A turnaround play in a growing sector
Jul 08, 2022
2 minutes
David J. Stevenson
Investment columnist
The “Long Peace”, otherwise called the Pax Americana (America’s peace), has held sway since the end of World War II. It commemorates a period of more than 75 years without wars between major economic and military powers. Over this time, the amount spent on defence gradually declined in relative terms.
In the early 1950s Britain
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