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Exploding the Myth?

The Peace Dividend, Regions and Market Adjustment

By Derek Braddon

Series: Routledge Studies in Defence and Peace Economics

From a cold war peak of some $1000 billion per annum, world military expenditure has declined by about 40% since 1990, reaching its lowest level for thirty years. With such significant decline in global public expenditure committments to the defence sector, a substantial and lasting peace dividend...

Published December 20th 2000 by Routledge

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