Birdi, Alvin; Dunne, Paul; Saal, David - In: Defence and Peace Economics 11 (2000) 4, pp. 597-613
The 1977 UN arms embargo was one of the main factors which led South Africa to establish a largely self sufficient import-substituting arms industry capable of meeting the apartheid state's demand for sophisticated weaponry. While macroeconomic studies suggest that high military spending had a...