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The Budgetary Consequences of Middle East Peace: What are the Economic Impacts and Causal Linkages?

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Economic and Political Impediments to Middle East Peace

Part of the book series: International Political Economy Series ((IPES))

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Abstract

Gone is the superpower rivalry of the Cold War era and the strategic significance it lent to the Middle East. The end of Soviet support has caused several Arab governments to realign their foreign policies; Israel is no longer necessarily perceived as an enemy but in some circles is seen as a potential economic and political partner.1 Clearly a major motivation for expanding defence expenditures has therefore been eliminated. Even so, there are still gaps in the defence systems of most states in the region, and most countries wish to modernize their armed forces. Even the peace process will not stand in the way of modernization, and actual defence spending is not expected to fall significantly for some time.2

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Notes

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Authors
  1. Robert E. Looney
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Editor information

Editors and Affiliations

  1. Office of Emerging Markets, United States Agency for International Development, USA

    J. W. Wright Jr. (American Association for the Advancement of Science Diplomacy Fellow and Trade Policy Advisor) (American Association for the Advancement of Science Diplomacy Fellow and Trade Policy Advisor)

  2. School of International Service, American University, Washington, DC, USA

    Laura Drake

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© 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Looney, R.E. (2000). The Budgetary Consequences of Middle East Peace: What are the Economic Impacts and Causal Linkages?. In: Wright, J.W., Drake, L. (eds) Economic and Political Impediments to Middle East Peace. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780333994269_7

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