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.
*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
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