The Arms Industry is an area that is of huge concern to many people around the world. The economics of this hugely important industry are a vital strand that needs to be understood. This volume brings together contributors from all over the globe, such as Todd Sandler and Keith Hartley, and focuses on the important issues surrounding the Arms Trade such as:*the determinants of US military expenditure*alliance formation and expansion*new challenges to export controlsThis well-rounded, comprehensive book will be of huge interest to students and academics involved in the economics of defence, as well as more general studies of the defence industry. The book will also be an invaluable read for those with an interest in the Arms Industry such as policy-makers and corporate managers.
Author(s): Paul Levine
Edition: 1
Year: 2003
Language: English
Pages: 240
Book Cover......Page 1
Title......Page 4
Copyright......Page 5
Contents......Page 6
1 Introduction......Page 16
2 The economics of UK arms exports......Page 20
3 Potential and actual arms production: implications for the arms trade debate......Page 36
4 Export controls, market structure and international coordination......Page 52
5 Arms export controls and emerging domestic producers......Page 70
6 The supply-side implications of the arms trade: UK aerospace industry, economic adjustment and the end of the ColdWar......Page 93
7 New challenges to arms export control: whitherWassenaar?......Page 109
8 Rational wars with incomplete information......Page 128
9 Alliance formation, expansion and the core......Page 152
10 The determinants of US military expenditures in the context of arms race......Page 173
11 Arms race models and econometric applications......Page 193
12 Demand for space expenditure and the space race between NATO and the USSR: an econometric analysis......Page 203
13 Arms trade, arms control and security: collective action issues......Page 224
Index......Page 236
