Military-related Debt in Non-oil Developing Countries, 1972–82

Rita McWilliams Tullberg and Victor L. Urquidi
Additional contact information
Rita McWilliams Tullberg: Stockholm International Peace Research Institute
Victor L. Urquidi: El Colegio de Mexico

Chapter 14 in Peace, Defence and Economic Analysis, 1987, pp 302-318 from Palgrave Macmillan

Abstract: Abstract Of the public foreign debt acquired each year from 1972 to 1982 by non-oil developing countries, about 20 per cent is estimated to have been directly or indirectly attributable to the purchase of foreign weapons. Domestic military spending, by contributing to overall budget deficits, has also led to increased foreign borrowing by developing countries. Budget deficits in developed countries have led to interest rates which increase the debt problems of developing countries.

Keywords: Interest Rate; Budget Deficit; External Debt; Military Expenditure; Military Spending (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-18898-7_14

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349188987

DOI: 10.1007/978-1-349-18898-7_14

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().