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The purpose of this book is to analyse world military expenditure at the end of the 1980s, and to discuss its political and economic implications. After a decade of unprecedented expansion of international military spending, its level is falling, though modestly. Political developments in Europe and the success of arms control negotiations raise hopes for further reductions. In addition, technological and economic structural disarmament is adding to the pressure for reductions. However, performance has not matched up to promises, and formidable obstacles to defence spending limitations still remain. Military Expenditure surveys recent events and describes the process of change that characterizes international military expenditure, and its determinants, at this time of transformation.
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Military Expenditure in Third World Countries (1986) analyses the economic dimensions of military spending in less developed countries and carefully evaluates the costs and benefits involved. Defence expenditure goes far beyond the realm of economics; its main function is the provision of security, but it is also involved with the socio-political process.