Military Spending, the Peace Dividend, and Fiscal Adjustment

Military Spending, the Peace Dividend, and Fiscal Adjustment
The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These... READ MORE...

Publication date: July 1999
ISBN 9781451851007
$15.00

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