Defense Expenditures and Economic Performance in South Asia: Tests of Causality and Interdependence
Abstract
The growth in world military expenditure is the supreme
paradox of our age. While it is reasonable and prudent for a
nation to make provision for security against external threats,
one nation's security is likely to be another's insecurity. As a
result, particularly in an atmosphere of hostility and suspicion,
military expenditure assumes a competitive dynamic. The net
result is a reduction in security for all nations. The realization
that this bizarre process consumes huge quantities of resources
with high opportunity cost in terms of the possibility of achieving
higher standards of living is only slightly less disquieting
(Treddenick, 1985: 77).
Description
Conflict Management and Peace Science, 1991.
Refereed Journal Article
Rights
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.Collections
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