Government Expenditures and Third World Economic Growth in the 1980s: The Impact of Defense Expenditures
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Authors
Looney, R.E.
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Date of Issue
1993
Date
1993
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Abstract
The purpose of this paper is to examine the possibility of using savings from
major reductions in Third World defense spending as stimulus to economic growth.
This reorientation of expenditures is particularly significant in light of new World
Bank and International Monetary policies directed toward reducing lending to
countries with excessive levels of military expenditure. The main.findings of the study
suggest that reduced military expenditures, unless con.fined to arms imports, are
unlikely in and of themselves to provide much of an impetus for accelerated growth.
Type
Article
Description
Canadian Journal of Development Studies, vol. XIV, no. 1, 1993.
Refereed Journal Article
Refereed Journal Article
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Citation
Looney, R.E., "Government Expenditures and Third World Economic Growth in the 1980s: The Impact of Defense Expenditures," Canadian Journal of Development Studies, vol. XIV, no. 1, 1993.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.