Defense Spending and Economic Growth
Book Details
Format
Hardback or Cased Book
ISBN-10
036701100X
ISBN-13
9780367011000
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 13th, 2019
Print length
296 Pages
Weight
710 grams
Product Classification:
Politics & government
Ksh 27,900.00
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This book presents a background regarding the importance of defense spending in developed and developing countries. It analyzes the different issues, relating them to the central theme and provides conclusion regarding the overall significance of defense spending for the economic growth of a nation.
This book examines the impact defense spending has on economic growth. While defense spending was not deliberately invented as a fiscal policy instrument, its importance in the composition of overall government spending and thus in determining employment is now easily recognized. In light of the collapse of the Soviet Union and the consequent reduction in the threat to the security of the United States, maintaining defense spending at the old level seems indefensible. The media has concentrated on the so-called peace dividend. However, as soon as the federal government is faced with defense cuts, it realizes the macroeconomic ramifications of such a step. Based on studies included in this volume, we examine the effects of defense spending on economic growth and investigate how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries.
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