The Disarmament Dividend: Challenges for Development Policy

The Disarmament Dividend: Challenges for Development Policy

In 1990-1991, world wide military expenditure amounted to $950 billion. This bill could be reduced by the year 2000 by over $300 billion. Excessive military expenditure jeopardizes development prospects. Policies to achieve transparency and to strengthen military security arrangements should be a priority. Excessive military expenditure is stimulated by supply-side pressure on the part of producer countries, including a number of OECD Member countries. Donors should consider concerted incentive policies such as defence conditionality in economic aid.

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