Emergence of Military Industries in the South and Their Longer Term Implications

  • Miguel Wionczek

Abstract

A very recent study of the global patterns of, and the prospects for, military spending, elaborated by a group of researchers headed by Wassily Leontief, one of the fathers of econometrics and Nobel Laureate, ends with an almost self-evident conclusion to the effect that1:

If all regions of the world were to reduce their military purchases and if moreover the rich regions transfer part of the resulting ‘savings’ to the poorest of the less developed regions in the form of developmental assistance, this transfer of income would result in increased worldwide levels of production, trade and consumption.

The same study warns, however, that:

But even with a massive rise in economic aid as well as the reduction in their own military spending, the ‘gap’ in economic well-being between the recipient regions and the others would be barely narrowed. Only if the transfers of resources just described are accompanied by changes in the structures of the poor economies might the economic prospects for the future of the poor less-developed regions appear less gloomy.2

Keywords

Depression Income Assure Product Line Malaysia 

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References

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    W. Leontief and F. Duchin, Military Spending, Facts and Figures Worldwide Implications and Future Outlook (New York-Oxford: Oxford University Press, 1983) p. 66.Google Scholar
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Copyright information

© Pugwash Conferences on Science and World Affairs 1985

Authors and Affiliations

  • Miguel Wionczek

There are no affiliations available

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