Defense Spending And Economic Growth


Book Description

This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.




Economic Security: Neglected Dimension of National Security ?


Book Description

On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.




Military Spending and Global Security


Book Description

Global military expenditure reached an estimated $1,822 billion in 2018 and this book questions what that spending responds to and indeed what that entails in terms of global security. The book draws from prior knowledge and research on military expenditure but introduces an all-encompassing, in-depth and original analysis of military spending as a key and often overlooked factor of global instability, delving into the present and future consequences of its perpetual growth, as well as confronting the reasoning behind it. The authors argue that increasing military expenditure is not the best response to the emergencies militarization itself has helped create. They assert that militarization is paradoxically both a cause of and a response to the grave challenges our society is facing. The book explains why people are not well served by nation-states when they continuously seek to out-compete one another in the size and destructive powers of their militaries. It discusses the scope of military spending around the world, while explaining how militarism is linked with conflict and security threats, and how military spending further prevents us from adequately dealing with global environmental problems like climate change. A must-read for scholars, researchers and students from a wide range of disciplines. It will also find an audience among professionals from the third sector and activists working on issues related to peace, security and militarism, as well as social and climate justice.







The Economic Consequences of the Gulf War


Book Description

The Iran-Iraq War were one of the longest and most devastating uninterrupted wars amongst modern nation states. It produced neither victor nor vanquished and left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that 'going back' is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean? In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analysing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade and agricultural performance. In the final section, Mofid brings together the component parts of the economic cost of the war to assign a dollar value to the devastation.




The Military Balance 2022


Book Description

Published each year since 1959, The Military Balance is an indispensable reference to the capabilities of armed forces across the globe. It is used by academia, the media, armed forces, the private sector and government. It is an open-source assessment of the military forces and equipment inventories of 171 countries, with accompanying defence economics and procurement data. Alongside detailed country data, The Military Balance assesses important defence issues, by region, as well as key global trends, such as in defence technology and equipment modernisation. This analysis is accompanied by full-colour graphics, including maps and illustrations. With extensive explanatory notes and reference information, The Military Balance is as straightforward to use as it is extensive. The 2022 edition is accompanied by a fullcolour wall chart illustrating security dynamics in the Arctic.




The Rise of The Turkish Defense


Book Description

This book elaborates on the nationalization of the Turkish defense industry since the invasion of Iraq in 2003. The objective of the book is to understand the recent increasing trend of nationalization of the defense industry in Turkey. The book begins by analyzing the regional conjuncture and the lack of trust in allies in order to show how these influence Turkey’s investments in the sector. Then, it moves on to explain the country’s domestic structure which enables and inspires its politicians to attribute greater importance to industrial self-reliance in defense. Lastly, it focuses on the political economy of the defense industry and the considerable amount of revenue the sector generates at the global level and for Turkey. The book concludes that focusing on developing modern technology and on the production of specific arms of defense is beneficial for Turkey’s future and position in the international market.




The Economics of World War I


Book Description

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.




Securing Development


Book Description

Securing Development: Public Finance and the Security Sector highlights the role of public finance in the delivery of security and criminal justice services. This book offers a framework for analyzing public financial management, financial transparency, and oversight, as well as expenditure policy issues that determine how to most appropriately manage security and justice services. The interplay among security, justice, and public finance is still a relatively unexplored area of development. Such a perspective can help security actors provide more professional, effective, and efficient security and justice services for citizens, while also strengthening systems for accountability. The book is the result of a project undertaken jointly by staff from the World Bank and the United Nations, integrating the disciplines where each institution holds a comparative advantage and a core mandate. The primary audience includes government officials bearing both security and financial responsibilities, staff of international organizations working on public expenditure management and security sector issues, academics, and development practitioners working in an advisory capacity.




Third World Military Expenditure


Book Description

The twin objectives of this book are to identity the determinants and to explore the implications of Third World military expenditure. Beginning with a descriptive profile of Third World military expenditure, the study uses cross-national and longitudinal data to explore the determinants and implications across a range of issues areas. On the basis of this analysis, the book concludes with an empirical theory of military expenditure and a critical appraisal of the general implications.