The Cold War's end would bring with it a peace dividend, which would take the place of Cold War military expenditures.

冷战的结束带来了和平红利，取代了之前冷战时期的军费开支。

You know, after the cold war there was this idea that there was a peace dividend in much of the west.

冷战后，有一种观点认为西方大部分地区都吃到了和平红利。

What's over is the peace dividend.

结束的是和平红利。

Won't end globalization, but it does end the peace dividend.

不会结束全球化，但它确实会结束和平红利。

And this is, of course, a direct consequence of the end of the peace dividend more structurally.

当然，这是结构性和平红利结束的直接后果。