Military expenditures, armament, and disarmament

Abstract : We examine some putative effects of disarmament ans strategic realignment ion the 1990s. The political and strategic contexts which resulted in the Cold war and the militarisation of economies have changed in important ways. Short term economic benefits of disarmament are likely to be limites and the long term prospects for political, economic and strategic restructuring will be constrained. Cost of peace in the short-run may be significant, if that peace is to include disarmament that includes both reduction of military expenditures and physical limitations of armaments. However we caution against the benefits of disarmament in solely economic terms.
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Jacques Fontanel, Michael Ward. Military expenditures, armament, and disarmament. Defence and Peace Economics, Taylor & Francis (Routledge), 1993, 4 (1), pp.63-78. ⟨10.1080/10430719308404748⟩. ⟨hal-02065451⟩

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