This book identifies the typical questions raised by economists when studying defence policy, shows how simple economic analysis can be used to answer these questions and provides a critical evaluation of defence policy.

This major reference work is a comprehensive critical guide to the large and growing literature on the economics of defence, disarmament and peace. It covers the cost of defence spending and its effects on growth, investment, unemployment, technical change and other aspects of a nation's economic performance. It includes material on the determinants of defence spending namely defence budgets, programme budgeting and procurement policy. It also deals with the economic impact of arms limitation, disarmament and the conversion from military production to products with peaceful uses.

Peter Batchelor and Susan Willett analyse the response of the South African defence industry to drastic cuts in military expenditure and the demilitarization of society since the end of the cold war and apartheid, and the stabilization of the regional security situation. The new ANC-led government is seeking to use the resources released - the `peace dividend' - to restructure and revitalize the country's industrial base and to support reconstruction, development, and redistribution. A lively debate on the country's security needs and strategic doctrine is under way. As in other countries, strategies of industrial diversification and conversion have met with limited success. In the absence hitherto of any coherent government policy on defence industrial adjustment, significant skills and technologies have been lost or wasted. This book provides a historical analysis of South Africa's unique opportunity to develop new and innovative policies on defence and security matters, the arms industry and arms exports, and makes a valuable contribution to the international debate on the relationship between disarmament and development.

The author notes in the preface that an opportunity for significant cuts in nuclear and conventional forces by major global powers has appeared. Presenting the evidence that the West can cope successfully with disarmament, he identifies policies which need to be adopted for that end.

This new volume provides reflections and insights from leading public figures and activists who oppose military expenditure in any form. Many of the contributions to this volume were presented as speeches at the 'Disarm! For a Climate of Peace' meeting held in Berlin in 2016, organized by the International Peace Bureau.

This book makes an original contribution to our knowledge of the world’s major defence industries. Experts from a wide range of different countries – from the major economies of North America and Western Europe to developing economies and some unique cases such as China, India, Singapore, South Africa and North Korea – describe and analyse the structure, conduct and performance of the defence industry in that country. Each chapter opens with statistics on a key nation’s defence spending, its spending on defence R&D and on procurement over the period 1980 to 2017, allowing for an analysis of industry changes following the end of the Cold War. After the facts of each industry, the authors describe and analyse the structure, conduct and performance of the industry. The analysis of ‘structure’ includes discussions of entry conditions, domestic monopoly/oligopoly structures and opportunities for competition. The section on ‘conduct’ analyses price/non-price competition, including private and state funded R&D, and ‘performance’ incorporates profitability, imports and exports together with spin-offs and technical progress. The conclusion explores the future prospects for each nation’s defence industry. Do defence industries have a future? What might the future defence firm and industry look like in 50 years’ time? This volume is a vital resource and reference for anyone interested in defence economics, industrial economics, international relations, strategic studies and public procurement.

Considers S. 2180, the Disarmament Act for World Peace and Security, to establish a U.S. Disarmament Agency for World Peace and Security.