Conversion pp 259-267 | Cite as

Debt Reduction in Exchange for Arms Conversion: The Case for Linking Conversion, Development and Debt Reduction

  • Gregory Bischak
Conference paper


The disengagement of the United States and the former Soviet Union from the Cold War brings with it the prospect of deeper reductions in world military spending. Clearly this is a welcome opportunity for these nations to end the nuclear and conventional arms races. Moreover, reducing military spending could free financial resources for these countries to address their respective budget deficits and many pressing domestic needs.


International Monetary Fund Public Investment Debt Service Military Expenditure Military Spending 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1992

Authors and Affiliations

  • Gregory Bischak
    • 1
  1. 1.National Commission for Economic Conversion and DisarmamentUSA

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