1. The case against a U.S.-arms monopoly
- Author
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Coyne, Christopher J. and Hall, Abigail R.
- Subjects
United States -- Economic aspects -- International trade ,Monopolies -- Analysis ,Business, general ,Business - Abstract
The U.S. government is the dominant player in the global arms market. Existing literature emphasizes the many benefits of an international U.S. government arms monopoly including: regional and global balance, stability and security, the advancement of U.S. national interests, and domestic economic benefits from international sales. The purpose of this paper is to balance this largely one-sided treatment of the U.S. government's dominant position in the international arms market. We discuss several negative consequences and costs associated with U.S. arms sales which call into question the net benefit of the U.S. government's control over global arms. Keywords Arms sales * Foreign policy * Monopoly * System effects JEL D42-D74-F51 F52 H12 H56, Introduction The United States government is the dominant force in the global arms market. Between 1970 and 1979 the U.S. arranged more than $74 billion in weapons sales. Between 1980 [...]
- Published
- 2014
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