Defense Expenditures and Socio-Economic Development in the Middle East and South Asia: A Factor Analytic Approach
Abstract
Introduction
During the 1980s and into the 1990s there has been a slowdown in
defense spending and arms imports in many developing countries,
especially in Middle East, and to a lesser extent South Asia and Northern
Africa (USACDA, 1994). In large part reductions in allocations to the
military have been brought on by growing fiscal problems, forcing
governments to reorder their spending priorities. It is apparent that for the
developing world as a whole, countries are examining the potential
benefits of reduced allocations to the military. Depending on the relative
impact of defense spending, shifts in resources may significantly affect the
economic performance of these countries (Chan, 1885, 1987).
Description
Kuwait University Journal of the Social Sciences, Autumn/Winter 1994.
Refereed Journal Article