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Socio-Economic Impact of Arms Transfers to Developing Countries

June 7, 2011 Comments off

Socio-Economic Impact of Arms Transfers to Developing Countries
Source: Social Science Research Network (Peace & Conflict Review)

In developing nations, importance placed upon defence spending comes at a social cost. This paper explores the link between developing nations’ arms imports and their impact upon socio-economic factors. The first part of this paper elaborates upon the problem of arms transfers to developing countries. The second part provides case studies of Colombia, Egypt, Eritrea, India, Iran, Namibia, Pakistan, Venezuela, and Vietnam. The comparative analysis demonstrates that arms imports have a negative impact upon developing nations. GDP per capita spent upon arms imports usually has the strongest impact upon socio-economic factors, though conflict status and regional stability are also influential.

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