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Full Description
Military Expenditure in Third World Countries (1986) analyses the economic dimensions of military spending in less developed countries and carefully evaluates the costs and benefits involved. Defence expenditure goes far beyond the realm of economics; its main function is the provision of security, but it is also involved with the socio-political process.
Contents
1. Introduction 2. The Analysis of the Data 3. Military Spending and Public Expenditure 4. Saving, Investment and Military Expenditure 5. Human Capital Formation 6. The Military Burden in the Open Economy 7. Arms Production and the Newly Industrialising Countries 8. Economic Growth and Military Expenditure 9. Economic Development and the Military 10. Conclusion



