. In 1990-1991, worldwide military expenditure amounted to $950 billion. This bill could be reduced by the year 2000 by over $300 billion..
. Excessive military expenditure jeopardizes development prospects.
. Policies to achieve transparency and to strengthen military security arrangements should be a priority.
. Excessive military expenditure is stimulated by supply-side pressure on the part of producer countries, including a number of OECD Member countries.
. Donors should consider concerted incentive policies such as defence conditionality in economic aid.
The Disarmament Dividend
Challenges for Development Policy
Policy paper
OECD Development Centre Policy Briefs
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Abstract
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11 March 2008
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