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The economics of disarmament is a new discipline. It involves analyses on the economic causes of the arms race, the … definitions of disarmament and the economic determinants and military expenditure. Simultaneously, disarmament is considered as an … obstacle to economic development, a peace dividend or an investment. The construction of economic models of disarmament …
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Defense economics derives from and is embedded in the multi-dimensional array of issues each country must address when providing for its national security. Applying economic concepts and methods, it attempts to evaluate this great diversity of security related questions, and to understand how...
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This chapter defines defense economics and indicates how it differs from other subfields of economics. The nature and topics of defense economics are presented. A brief history of the field is also reviewed. The current importance of defense economics in the post-cold war era is discussed....
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. In 1990-1991, worldwide military expenditure amounted to $950 billion. This bill could be reduced by the year 2000 by over $300 billion.. . Excessive military expenditure jeopardizes development prospects. . Policies to achieve transparency and to strengthen military security arrangements...
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