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During the 1950s nuclear weapons began to play an increasingly important role in Britain's defence policy. The development of thermonuclear bombs and assessments of the great destruction that would result from an exchange of nuclear warheads helped alter Britain's planning for war, and influenced the structure and deployment of her armed forces. In this study Martin Navias seeks to analyse the significance of the 1957 White Paper on Defence in the context of British strategic planning during the mid-1950s. He assesses claims that the White Paper represented a culmination of trends already prevalent in British defence planning, discusses whether the basis for a truly independent deterrent was established during 1955-6, and identifies continuities and discontinuities in strategic policies. A major theme throughout is the relationship between nuclear deterrence and the shape and size of conventional forces. Before Duncan Sandys became Minister of Defence, that ministry seemed unable to impose itself on the service departments. Sandys, however, was able to override many traditional service preferences. The result was the adoption of a British New Look: conventional forces were reduced, greater relative importance was placed on the nuclear deterrent, but once more the requirements of a truly independent deterrent did not receive priority.
The global financial sector is increasingly vulnerable to penetration by criminal money-launderers, terrorist financiers, and proliferators of weapons of mass destruction. At the same time, it offers instruments that can be usefully employed to pursue foreign and security policy objectives. It is thus hardly surprising that finance has emerged as an arena of intense competition, if not conflict, between those seeking to exploit or attack this vital element of state power and those tasked with defending its integrity or harnessing it for legal purposes. Navias assesses the key threats to financial systems and shows how the public and private sectors are co-operating to contain them. He analyses the main characteristics of criminal money-laundering and terrorist financing, and reviews major multilateral and national regimes locked in the perpetual battle to shore up the financial sector against these constantly evolving security challenges. He also considers the uses of finance in support of key sanctions, counter-proliferation, and arms embargo policies. Uniquely, Finance and Security views these financial threats and weapons through a security and war studies prism. It will be equally invaluable to scholars of security and international relations and to professionals working in the legal, banking and compliance professions.
During the Iran-Iraq war, hundreds of merchant vessels were
attacked, more than 400 seamen killed and millions of dollars'
worth of damages were suffered by owners, charterers and insurers.
In the most sustained assault on merchant shipping since the Second
World War, the control of shipping routes, destruction of enemy and
enemy-allied ships, and the protection of oil exports, were key
objectives.
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