Arms Reduction: Economic Implications in the Post-Cold War Era

Lawrence R. Klein (Editor), Fu-chen Lo (Editor), Warwick J. McKibbin (Editor)

Research output: Book/ReportEdited Bookpeer-review

Abstract

The end of the Cold War and the easing of East-West tensions have created a unique opportunity for global disarmament. This volume examines world trends in military spending, explores possible arms reduction scenarios, and considers their impacts on the world economy, with particular emphasis on third world countries.

The world's foremost experts in the economics of arms trade and global development issues delineate the complex relations between military expenditures, conversion programmes, development, and demilitarization. They describe world trends in military spending of the 1980s and '9Os, contemplate changes that might occur if the peace dividend of the end of the Cold War is realized, and draw attention to important questions about the economic and social costs/ benefits of demilitarization.

The final chapters of the book consider the institutional frameworks for sustained reductions in military spending; such issues as the needed security conditions for sustained military cuts, connections between ODA and arms spending, and determining a minimum level of arms for national security are studied in depth.

This analysis of post-Cold War arms reduction will be of immediate interest to political scientists, economists, peace researchers, and policy makers, and to organizations of the United Nations and other concerned institutions.
Original languageEnglish
Place of PublicationTokyo
PublisherUnited Nations University Press
Number of pages392
ISBN (Electronic)0585211043 , 9780585211046
ISBN (Print)9280808818, 9789280808810
Publication statusPublished - 1995

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