Exploding the Myth? by Dr. Derek Braddon
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Exploding the Myth?
By Dr. Derek Braddon

Exploding the Myth?

The Peace Dividend, Regions and Market Adjustment

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Format: Hardback

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Exploding the Myth? by Dr. Derek Braddon

Book Description

From a cold war peak of some $1000 billion per annum, world military expenditure has declined by about 40% since 1990, reaching its lowest level for thirty years. With such significant decline in global public expenditure committments to the defence sector, a substantial and lasting peace dividend was anticipated. Most governments believed that market forces, left more or less to their own devices, would deal effectively with this major exogenous shock and generate sufficient new economic activity to allow increased public expenditure on health, education and welfare. The approach of this book is to challenge the fundamental but flawed belief that a substantial and lasting peace dividend could be secured through market solution alone. The principal assertion is that market adjustment by itself cannot deliver such a dividend.The book focuses on the major aspects of the economic, business and security consequences of post Cold War defence expenditure reduction. Key problems obstructing optimal market response are identified and possible remedial action by government and others is considered.

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Book Details

ISBN: 9789058230713
ISBN-10: 9058230716
Format: Hardback
(229mm x 152mm x mm)
Pages: 306
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 21-Dec-2000
Country of Publication: United Kingdom

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