Handbook of Defense Economics, Vol. 2: Defense in a by Todd Sandler, Keith Hartley

By Todd Sandler, Keith Hartley

The second one quantity of the guide of safeguard Economics addresses safeguard wishes, practices, threats, and guidelines within the sleek period of globalization. This new period matters the improved cross-border flows of all types (e.g., capital and hard work flows, innovative rhetoric, guerrillas, and terrorists) together with the spillovers of advantages and prices linked to public items and transnational externalities (i.e., uncompensated interdependencies affecting or extra nations). those ever-increasing flows suggest that army armaments and armies are much less in a position to retain out protection threats. therefore, novel safety and protection boundaries are had to shield borders which are porous to terrorists, pollution, political upheavals, and conflicts. Even elevated exchange and fiscal flows indicate novel safety demanding situations and defenses. Globalization additionally underscores the significance of a brand new set of associations (e.g., the ecu Union and worldwide governance networks) and brokers (e.g., nongovernmental corporations and partnerships).This quantity addresses the protection demanding situations during this age of globalization, the place conflicts contain novel strategies, new applied sciences, uneven conflict, diversified venues, and scary guns. quantity 2 comprises themes no longer coated in quantity 1 - i.e., civil wars, peacekeeping, monetary sanctions, the econometrics of palms races, conversion, peace economics, and the interface of alternate, peace, and democracy. quantity 2 additionally revisits issues from quantity 1, the place there was an important development of data - i.e., clash research, terrorism, palms races, hands alternate, army manpower, and fingers industries. all the major securities matters of at the present time areanalyzed. Chapters are written by way of the top individuals within the subject components.

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Additional info for Handbook of Defense Economics, Vol. 2: Defense in a Globalized World

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Some of these states have emerged in the fall-out from other battles: Cold War, WWI and II. What can our economic models of dictatorship, kleptocracy, and predation and of the incentive structures they embody yield in the way of useful policies for dealing with dictators and with failed states? Economics has special contribution to make to analyses of rogue states which act outside the bounds of acceptable norms, trafficking in drugs, counterfeit currency, kidnapping foreigners or exploiting its own populations.

This essay aspires to show how the recent developments in models of international political economy relate to study of this phenomenal evolution of the world’s strategic situation and challenges to its safety. Here I give one perspective on the contributions expected of defense economics in a globalized world where old patterns of thinking risk obsolescence. Emphasis is focused on (a) how the field is changing, and the relation between new security challenges and required new analytic approaches, (b) how developing ideas about conflict, predation and governance have entered into and greatly influenced defense economics, and (c) how this raises questions over what should be retained from study of earlier eras and what discarded.

Ch. 21: Economics of Defense in a Globalized World 637 greater probability. The diagram pictures low yield nuclear events or equivalent conventional shocks, disasters that in no way equate with the cataclysm of thermonuclear exchange that informed all defense policy for 40 years. Such a revision in the threat probability profile summarizes the transformation of our defense/security challenge from that focused over 1950–1990 on a pin-point catastrophe to its present multi-layered fuzzy unfocused fog.

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