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Publication date: 1 January 1986

William J. Weida and Franklin L. Gertcher

Foreign military sales agreements amounted to over 19.5 billion dollars in fiscal year 1982, while the US actually delivered $9 billion in weapons. The US and the Soviet Union are…

130

Abstract

Foreign military sales agreements amounted to over 19.5 billion dollars in fiscal year 1982, while the US actually delivered $9 billion in weapons. The US and the Soviet Union are the largest arms suppliers in the world, with about 75 per cent of the global export market. France, and then Great Britain, follow with 12 per cent and 5 per cent, respectively. Italy and Israel also export significant dollar amounts of weapons. There is considerable public debate over the wisdom of US participation in this market. Of particular concern is the increased availability of highly sophisticated weapons systems in third world nations.

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International Journal of Social Economics, vol. 13 no. 1/2
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 October 1986

William J. Weida and Franklin L. Gertcher

The growing defence budget has generated renewed public debate over the high cost of military weapon systems. This debate centres on the problem of obtaining some “maximum…

60

Abstract

The growing defence budget has generated renewed public debate over the high cost of military weapon systems. This debate centres on the problem of obtaining some “maximum defence” given a somewhat flexible budget constraint. One of the basic tenets in this debate was stated by Gansler:

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International Journal of Social Economics, vol. 13 no. 10
Type: Research Article
ISSN: 0306-8293

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