Abstract
The experiences of developed countries about the
cost of adjustment were quite different; therefore, it
is very complex to analyze the interplay between these two variables
relationship between military spending and economic development of
the country; this also brought the significance of war politics, economies
and the political economy of war industries at domestic, regional and
international level. Therefore, it is necessary to take care of reallocating
the national budgets for adopting the policies of conversion to aid
structural adjustments in different sectors of the economy in developing
countries. The circumstances differ; it is important to concede the role
of military spending in socio-economic development and its
effectiveness in economies. Only when the information on these
variables are available, then the policies will be made possible at the
national and international level for any developing countries to meet the
challenge of development. This will lead the nourishment of human
capital and human development index.
Authors
1-Mudassir Mehdi: The Islamia University of Bahawalpur, Punjab, Pakistan.2-Riaz Ahmad: Assistant Professor, School of Public Policy and Administration, Xi'an Jiaotong University, China.3-Arif Jameel : Zhejiang University, Hangzhou, Zhejiang, China.
Keywords
Interplay Politics, War Economy, Globalization, Political Economy
DOI Number
10.31703/gpr.2020(V-IV).09
Page Nos
75-85
Volume & Issue
V - IV
