Defense economics and international security

Martin McGuire ()

Chapter 02 in Handbook of Defense Economics, 1995, vol. 1, pp 13-43 from Elsevier

Abstract: Defense economics derives from and is embedded in the multi-dimensional array of issues each country must address when providing for its national security. Applying economic concepts and methods, it attempts to evaluate this great diversity of security related questions, and to understand how each country's security interacts and fits in with the security of all nations in the international system. Included in Defense Economics are such overarching questions as: definition of what security actually is; how resource scarcity, distribution, and stage of economic development influences the security obtainable by each nation in the international system; relationships between defense sectors and national economies within and across countries; efficiency in provision of security; incentive structures which promote or resolve conflict; institutional arrangements which promote or retard peace, stability, and equity.

Date: 1995
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