European leaders, having agreed to spending 5 percent of their GDP on defense, now must decide where that money goes. What factors should they consider to make sure the money leads to the continent’s growth and a cutting-edge defense industrial base? Ravi Agrawal sits down with Jared Cohen, the president of global affairs at Goldman Sachs, to discuss.

Note: This discussion is part of a series of episodes brought to you by the Goldman Sachs Global Institute.

Ravi’s Recommendations:

Amitav Acharya: Pharaohs, Maharajas, and the Making of a Multipolar World

Robert Kagan: The Jungle Grows Back: America and Our Imperiled World

Additional Reading:

Ravi Agrawal: NATO Is Avoiding a Difficult Conversation

Jared Cohen: Don’t Bet Against the Dollar

Justin Logan: Trump Shouldn’t Settle for European Spending Pledges

Kori Schake: Is NATO Dead?

Matthew Kroenig: A Division of Labor Between Europe and Asia Won’t Work

Learn more about your ad choices. Visit megaphone.fm/adchoices