Piecing together the peace dividend: Managing change in communities dependent on defence expenditure

William Roe

Local Economy, 1992, vol. 7, issue 2, 163-169

Abstract: Summary To date governments have been slow to appreciate that, as well as a peace dividend, arms reduction will bring social and economic hardship to communities which have relied upon defence expenditure for employment. Conversion of military bases, let alone restructuring of defence industries, cannot be left to market forces to achieve; government intervention is required to ensure the successful adjustment of communities. During the Cold War, the dominance of the “military-industrial complex†spread the notion that disarmament would threaten not only security, but jobs. Current geopolitical changes present an opportunity to challenge this argument. Local employment initiatives are essential to prevent defence cuts from causing unemployment.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:sae:loceco:v:7:y:1992:i:2:p:163-169

DOI: 10.1080/02690949208726142

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