Government Expenditures and Third World Economic Growth in the 1980s: The Impact of Defense Expenditures
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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.
Canadian Journal of Development Studies, vol. XIV, no. 1, 1993.Refereed Journal Article
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