Military Expenditure and the Arms Trade: Problems of the Data

Frank Blackaby and Thomas Ohlson
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Frank Blackaby: Stockholm International Peace Research Institute
Thomas Ohlson: Stockholm International Peace Research Institute

Chapter 1 in The Economics of Military Expenditures, 1987, pp 3-28 from Palgrave Macmillan

Abstract: Abstract The theme of this paper is straightforward. The ‘world war industry’, to use Professor Boulding’s useful term, or the world military sector, to use a more formal description, is a very large economic sector. It is true that the main reason for studying it is not economic — it is because within this sector there are powerful forces exacerbating the arms race and increasing the dangers of war. However, the economic characteristics of this sector are not insignificant. This sector consists of the sum total of the resources devoted, not necessarily to defence — the common use of the term ‘Ministry of Defence’ is often a euphemism — but to preparations for the use of force against other states, and sometimes against dissident elements within the country itself.1

Keywords: Armed Force; Military Expenditure; Civil Sector; Military Sector; Military Hardware (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08919-2_1

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DOI: 10.1007/978-1-349-08919-2_1

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