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Books > Business & Economics > Economics
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Defense Spending, Natural Resources, and Conflict (Paperback)
Loot Price: R1,494
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Defense Spending, Natural Resources, and Conflict (Paperback)
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This book is an intellectual contribution of policy scientists and
researchers from different academic institutions in different parts
of the world. The Arab Spring, the rise of ISIS and terrorism
ignite the debate on studying conflict and natural resources.
Uniquely, the book discusses the sources of the conflicts and the
institutions that are managing the conflicts. The natural
resources, defense spending, conflict and human welfare are
intertwined. In support of the 'resource curse' hypothesis, the
book shows that an abundance of natural resources, particularly
oil, encourages an increase in military spending and lower economic
growth. In addition, the good economic and political institutions
do reduce the hazard of conflict; and strong political institutions
for checks and balances appear to weaken the impact of natural
resources on conflicts. The book also examines the relationship
between defense and social welfare expenditures - specifically,
health and education. Shedding light on the complicated nature of
the relationship between defense spending, inequality, and types of
political and welfare regimes gives us a deeper understanding of
the type of democratic systems that will likely improve social
welfare. In studying the political economy of defense spending, the
book shows the link between public opinion toward defense spending
and voters' support for candidates. The analysis shows that party
identification or having a vested interest in defense industries do
correlate with a preference for increasing defense spending. This
book was published as a special issue of Defence and Peace
Economics.
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