Handbook of Defense Economics

Handbook of Defense Economics

Defense in a Globalized World

1st Edition - April 12, 2007

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  • Editors: Todd Sandler, Keith Hartley
  • eBook ISBN: 9780080478296

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The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. This new era concerns the enhanced cross-border flows of all kinds (e.g., capital and labor flows, revolutionary rhetoric, guerrillas, and terrorists) including the spillovers of benefits and costs associated with public goods and transnational externalities (i.e., uncompensated interdependencies affecting two or more nations). These ever-increasing flows mean that military armaments and armies are less able to keep out security threats. Thus, novel defense and security barriers are needed to protect borders that are porous to terrorists, pollutants, political upheavals, and conflicts. Even increased trade and financial flows imply novel security challenges and defenses. Globalization also underscores the importance of a new set of institutions (e.g., the European Union and global governance networks) and agents (e.g., nongovernmental organizations and partnerships).This volume addresses the security challenges in this age of globalization, where conflicts involve novel tactics, new technologies, asymmetric warfare, different venues, and frightening weapons. Volume 2 contains topics not covered in volume 1 – i.e., civil wars, peacekeeping, economic sanctions, the econometrics of arms races, conversion, peace economics, and the interface of trade, peace, and democracy. Volume 2 also revisits topics from volume 1, where there has been a significant advancement of knowledge – i.e., conflict analysis, terrorism, arms races, arms trade, military manpower, and arms industries. All of the main securities concerns of today are analyzed. Chapters are written by the leading contributors in the topic areas.

Key Features

*Up-to-date surveys on the pressing defense issues: theoretical, empirical and policy issues.
*Coverage of theoretical and empirical studies of terrorism.
*Contributions by the leading researchers in the field of defense economics.


Researchers and graduate students studying defense economics; policymakers, Armed Forces and staff colleges, undergraduates, think tanks and defense contractors

Table of Contents

  • Dedication

    About the Series


    1. Defense in a Globalized World: An Introduction
    Todd Sandler & Keith Hartley

    2. Economics of Defense in a Globalized World
    Martin C. McGuire

    3. Economics of Conflict: An Overview
    Michelle R. Garfinkel & Stergios Skaperdas

    4. Civil War
    Paul Collier & Anke Hoeffler
    5. Political economy of peacekeeping
    Binyam Solomon

    6. Terrorism: a Game-Theoretic Approach
    Todd Sandler & Daniel G. Arce

    7. Terrorism: an Empirical Approach
    Walter Enders

    8. The Political Economy of Economic Sanctions
    William H. Kaempfer & Anton D. Lowenberg

    9. The Econometrics of Military Arms Races
    J. Paul Dunne & Ron P. Smith

    10. Arms Trade and Arms Races: A Strategic Analysis
    Maria del Carmen Garcia-Alonso & Paul Levine

    11. Arms Industries, Arms Trade, and Developing Countries
    Jurgen Brauer

    12. Trade, Peace and Democracy: An Analysis of Dyadic Dispute
    Solomon W. Polachek & Carlos Seiglie

    13. New Economics of Manpower in the Post-Cold War Era
    Beth J. Asch, James R. Hosek & John T. Warner

    14. The Arms Industry, Procurement and Industrial Policies
    Keith Hartley

    15. Success and Failure in Defense Conversion in the ‘Long Decade of Disarmament’
    Michael Brzoska

    16. A Survey of Peace Economics
    Charles H. Anderton & John R. Carter

Product details

  • No. of pages: 698
  • Language: English
  • Copyright: © North Holland 2007
  • Published: April 12, 2007
  • Imprint: North Holland
  • eBook ISBN: 9780080478296

About the Editors

Todd Sandler

Affiliations and Expertise

Vibhooti Shukla Professor of Economics and Political Economy, University of Texas at Dallas, USA

Keith Hartley

Affiliations and Expertise

Director, Centre for Defence Economics, University of York, UK

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