In Search of the Peace Dividend

  • Barry Turner
Part of the The Statesman’s Yearbook book series (SYBK)


The sense of relief that greeted the end of the cold war was soon joined by an eager anticipation of the peace dividend, an economic rebate after years of massive military spending. In the event the relief was palpable but the economic impact was shortlived. While world military expenditure in 2004 was still six per cent below the 1988 cold war peak, this has to be balanced against an average annual rate of increase over the past six years of 4•2 per cent in real terms. In the three years to 2004, this figure bounced up to six per cent.


Average Annual Rate Military Expenditure Military Spending Global Public Good High Level Panel 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2006

Authors and Affiliations

  • Barry Turner

There are no affiliations available

Personalised recommendations