The Wages of Peace Disarmament in a Small Industrialized Economy [Hardcover]

With the end of the Cold War, many nations have set about cutting their military spending, and visions of a large `peace dividend' have emerged. Yet, even today, the arms race remains one of the major projects of humankind, and one of the most unproductive. The Wages of Peace explores some of the consequences and opportunities stemming from the resulting peace dividend.

This book charts a middle course between extravagant claims about the improvements in welfare, development or the environment which may be funded by the peace divided, and dire assessments of how militarized economies will collapse as a result of disarmament spiced with warnings that the savings have already been squandered.

This bookWith the end of the Cold War, many nations have set about cutting their military spending, and visions of a large `peace dividend' have emerged. Yet, even today, the arms race remains one of the major projects of humankind, and one of the most unproductive. The Wages of Peace explores some of the consequences and opportunities stemming from the resulting peace dividend.

This book charts a middle course between extravagant claims about the improvements in welfare, development or the environment which may be funded by the peace divided, and dire assessments of how militarized economies will collapse as a result of disarmament spiced with warnings that the savings have already been squandered.

This book`Stimulating and useful. It is both broad in scope, reviewing much international literature... well discussed and reasoned. There are ample tables and figures... A good work, many readers will find [the book] thought-provoking and stimulating' - Mershon International Studies Review

`The authors have been studying the economic implã