The Economics Of Third World Military Expenditure

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.

The purpose of this book is to analyse world military expenditure at the end of the 1980s, and to discuss its political and economic implications. After a decade of unprecedented expansion of international military spending, its level is falling, though modestly. Political developments in Europe and the success of arms control negotiations raise hopes for further reductions. In addition, technological and economic structural disarmament is adding to the pressure for reductions. However, performance has not matched up to promises, and formidable obstacles to defence spending limitations still remain. Military Expenditure surveys recent events and describes the process of change that characterizes international military expenditure, and its determinants, at this time of transformation.

Nicole Ball brings the effects of security expenditure to the center of that debate, examining in detail how the potential negative consequences on development outweigh the potential positive effects. Originally published in 1988. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.