By Jurgen Brauer, Paul Dunne
Nations that spend scarce assets to import palms from in a foreign country frequently require hands to 'reinvest' half or all the proceeds again into the arms-importing kingdom. those so-called 'arms exchange offsets' are accordingly inspiration to augment family monetary improvement. yet does this procedure really succeed?This e-book examines the speculation and coverage purposes of fingers alternate offsets and appears at greater than a dozen case reviews drawn from throughout Europe, Africa, Asia, and the Americas. The chapters, in response to unique study and released right here for the 1st time, are all written through top experts.That a powerful, lucid and cohesive quantity reminiscent of it will curiosity defence economists will be taken nearly without any consideration. The e-book can also be an invaluable and enlightening learn for these attracted to foreign improvement economics, army reports and policy-makers around the globe.
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Extra resources for Arms Trade and Economic Development: Theory and Policy in Offsets (Studies in Defence Economics)
Examples include those specialized goods and services that support the activities of the criminal justice system or the activities of churches and other religious institutions. Because such goods and services do not contribute to the material standard of living, they are logically not part of the economic system, whose fundamental purpose is to provide material wellbeing. The specialized goods and services that support military activity (such as fighter planes, battle tanks, and light weaponry) most assuredly fall into this latter category (Dumas, 1986).
Offsets are politically attractive largely because the expected benefits are more visible than the expected costs. 3 Of course, government can choose from a variety of policy instruments to achieve these objectives. , tariffs, quotas, local content protection, subsidies, and offsets) should a government consider using offsets. 4 In many markets, government is the single largest buyer. In the discussion that follows, I assume government has some degree of oligopsony power. If government wishes to use its oligopsony power in procurement, it can select any of the following policies: price discounts in markets, strategic alliances, turnkey contracts, offsets, or product-in-hand contracts.
Economic growth and economic development Although the terms are often used interchangeably, “economic growth” and “economic development” are two entirely different concepts, each grounded in a fundamentally different view of the economy itself. “Economic growth,” as the term is conventionally used, refers simply to expansion in the size of the money economy. It is typically measured by the rate of change in gross domestic product (GDP) or gross national product (GNP), both of which are incomplete yet reasonable and generally accepted measures of the aggregate volume of money-valued goods and services produced.
Arms Trade and Economic Development: Theory and Policy in Offsets (Studies in Defence Economics) by Jurgen Brauer, Paul Dunne