This book examines the effects of defense spending on economic growth and investigates how the changed world political climate is likely to alter the importance and pattern of defense spending both for developed and developing countries. .
Table of Contents
Part One: Introduction 1. Defense Spending and Economic Growth: An Evaluation of the Overall Impact Part Two: Theoretical Underpinnings 2. Conceptual Linkages Between Defense Spending and Economic Growth and Development: A Selective Review 3. A Theory of Defense Spending and Economic Growth 4. Arms Race Modelling and Economic Growth Part Three: Effects on Industrialized Economies 5. Defense Spending and Economic Growth: Spillovers vs. Crowding Out