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Military Power Is an Important Characteristic of States from a Realist

question 8

Essay

Military power is an important characteristic of states from a realist point of view, but states that are apparently weak seem to win a large number of armed conflicts.
(a)How can we change our definition of military power to reflect this reality?
(b)Are there other types of power that may be more important in predicting military victories?
(c)Should states focus primarily on military power in their security decisions? Why?

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Definitions:

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership such as options or warrants.

Liquidation Market

A marketplace where assets are sold quickly, often at a discount, typically due to a company's insolvency or urgent liquidation needs.

Secondary Market

This is a market where investors purchase securities or assets from other investors, rather than from issuing companies directly.

Dealer Market

A financial market mechanism in which transactions are made through dealers who buy and sell securities for their own accounts.

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