Is War Necessary For Economic Growth

Publisher 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.

Military and defense-related procurement has been an important source of technology development across a broad spectrum of industries that account for an important share of United States industrial production. In this book, the author focuses on six general-purpose technologies: interchangeable parts and mass production; military and commercial aircraft; nuclear energy and electric power; computers and semiconductors; the INTERNET; and the space industries. In each of these industries, technology development would have occurred more slowly, and in some case much more slowly or not at all, in the absence of military and defense-related procurement. The book addresses three questions that have significant implications for the future growth of the United States economy. One is whether changes in the structure of the United States economy and of the defense-industrial base preclude military and defense-related procurement from playing the role in the development of advanced technology in the future, comparable to the role it has played in the past. A second question is whether public support for commercially oriented research and development will become an important source of new general-purpose technologies. A third and more disturbing question is whether a major war, or the threat of major war, will be necessary to mobilize the scientific, technical, and financial resources necessary to induce the development of new general-purpose technologies. When the history of United States technology development in the next half century is written, it will focus on incremental rather than revolutionary changes in both military and commercial technology. It will also be written within the context of slower productivity growth than of the relatively high rates that prevailed in the United States in the 1950s and 1960s or during the information technology bubble that began in the early 1990s. These will impose severe constraints on the capacity of the United States to sustain a global-class military posture and a position of leadership in the global economy.

NATIONAL BESTSELLER SHORTLISTED for the 2021 Lionel Gelber Prize Thoughtful and brilliant insights into the very nature of war--from the ancient Greeks to modern times--from world-renowned historian Margaret MacMillan. War--its imprint in our lives and our memories--is all around us, from the metaphors we use to the names on our maps. As books, movies, and television series show, we are drawn to the history and depiction of war. Yet we nevertheless like to think of war as an aberration, as the breakdown of the normal state of peace. This is comforting but wrong. War is woven into the fabric of human civilization. In this sweeping new book, international bestselling author and historian Margaret MacMillan analyzes the tangled history of war and society and our complicated feelings towards it and towards those who fight. It explores the ways in which changes in society have affected the nature of war and how in turn wars have changed the societies that fight them, including the ways in which women have been both participants in and the objects of war. MacMillan's new book contains many revelations, such as war has often been good for science and innovation and in the 20th century it did much for the position of women in many societies. But throughout, it forces the reader to reflect on the ways in which war is so intertwined with society, and the myriad reasons we fight.

During World War II, the United States helped vanquish the Axis powers by converting its enormous economic capacities into military might. Producing nearly two-thirds of all the munitions used by Allied forces, American industry became what President Franklin D. Roosevelt called "the arsenal of democracy." Crucial in this effort were business leaders. Some of these captains of industry went to Washington to coordinate the mobilization, while others led their companies to churn out weapons. In this way, the private sector won the war—or so the story goes. Based on new research in business and military archives, Destructive Creation shows that the enormous mobilization effort relied not only on the capacities of private companies but also on massive public investment and robust government regulation. This public-private partnership involved plenty of government-business cooperation, but it also generated antagonism in the American business community that had lasting repercussions for American politics. Many business leaders, still engaged in political battles against the New Deal, regarded the wartime government as an overreaching regulator and a threatening rival. In response, they mounted an aggressive campaign that touted the achievements of for-profit firms while dismissing the value of public-sector contributions. This probusiness story about mobilization was a political success, not just during the war, but afterward, as it shaped reconversion policy and the transformation of the American military-industrial complex. Offering a groundbreaking account of the inner workings of the "arsenal of democracy," Destructive Creation also suggests how the struggle to define its heroes and villains has continued to shape economic and political development to the present day.

While COVID-19 is reshaping our lives, this must-read book for 2021 provides some of the answers to our most pressing global challenges. Unless the world is basically peaceful, we will never get the trust, cooperation and inclusiveness to solve these issues, yet what creates peace is poorly understood. Working on an aid program in one of the most violent places in the world, North East Kivu in the DR Congo, philanthropist and business leader Steve Killelea asked himself, ‘What are the most peaceful nations?’ Unable to find an answer, he created the world’s leading measure of peace, the Global Peace Index, which receives over 16 billion media impressions annually and has become the definitive go to index for heads of state. Steve Killelea then went on to establish world-renowned think tank, the Institute for Economics and Peace. Today its work is used by organisations such as the World Bank, United Nations and Organisation for Economic Co-operation and Development (OECD) and taught in thousands of university courses around the world. Peace in the Age of Chaos tells of Steve’s personal journey to measure and understand peace. It explores the practical application of his work, which is gathering momentum at a rapid pace. In this time when we are faced with environmental, social and economic challenges, this book shows us a way forward where Positive Peace, described as creating the optimal environment for human potential to flourish, can lead to a paradigm shift in the ways societies can be managed, making them more resilient and better capable of adapting to their changing environments.

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

In this volume, Koistinen examines war planning and mobilizing in an era of rapid industrialization and reveals how economic mobilization for defense and war is shaped at the national level by the interaction of political, economic, and military institutions and by increasingly powerful and expensive weaponry.