By Jurgen Brauer, Paul Dunne
International locations that spend scarce assets to import fingers from in a foreign country frequently require palms dealers to 'reinvest' half or all the proceeds again into the arms-importing kingdom. those so-called 'arms exchange offsets' are consequently notion to reinforce household monetary improvement. yet does this strategy truly succeed?This e-book examines the speculation and coverage purposes of fingers exchange offsets and appears at greater than a dozen case reviews drawn from throughout Europe, Africa, Asia, and the Americas. The chapters, according to unique learn and released the following for the 1st time, are all written by means of best experts.That a powerful, lucid and cohesive quantity similar to it will curiosity defence economists will be taken nearly without any consideration. The booklet can also be an invaluable and enlightening learn for these drawn to overseas improvement economics, army reviews and policy-makers around the globe.
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Extra info for Arms Trade and Economic Development: Theory and Policy in Offsets (Studies in Defence Economics)
6. , transfer of personnel and facilities from military-oriented to civilian-oriented activity. 7. For example, Sweden, Denmark, Norway, and Finland have all demanded direct offsets in the form of local assembly to offset job losses (see Hagelin, 2004). 8. Although the World Bank has approached this issue with great caution, it is encouraging that they no longer avoid it entirely. For example, the Bank refers to the ending of cold war tensions as “…providing an opportunity for nations to reduce military spending and reap the dividends of peace” (World Bank, 1997, p.
Haines The chapter examines the place of defense offsets within the context of South African regional development planning and discusses three offset cases in detail. It finds that defense offsets appear to reinforce rather than challenge existing regional disparities and inequalities, that substantial hidden offset project costs are not accounted for, and that possible offset Arms trade and economic development 18 synergies with existing firms and regional strengths are neither pursued nor envisioned.
However, care must still be taken in selecting the technologies that are to be transferred, with respect to compatibility and other contextual issues, as well as implementing the transfer. Offsets and the military procurement decision Given the negative long run economic implications of military spending and military production for development, there are no good economic reasons to engage in military procurement at all. Nevertheless, it does seem that there are circumstances in which military force might occasionally be useful or necessary in this troubled world.