1945

Conversion and the peace dividend: Prospects and emerging policy issues in the developed market economies

image of Conversion and the peace dividend: Prospects and emerging policy issues in the developed market economies

IN THE LIGHT of the end of the cold war, the potential gains from a reduction of military expenditures have been the subject of extensive debate. In 1991, transformation of the Soviet Union into the Commonwealth of Independent States reopened the debate on the “peace dividend” in the developed market economies. As long as a communist superpower existed, there was a case for its potential opponents to remain vigilant and not to revise drastically their military spending plans.

Related Subject(s): Economic and Social Development
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