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De Facto Demilitarization: Budget-Driven Downsizing in Latin America

Published online by Cambridge University Press:  02 January 2018

Patrice Franko
Patrice Franko*
Affiliation:
Colby College (ME)
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Extract

The international financial community has recently joined the arms control community in scrutinizing the relationship between military spending and economic growth. The Independent Group on Financial Flows to Developing Countries, headed by Helmut Schmidt, recommended (in Facing One World) that priority in financial assistance be given to countries that spend less than 2% of their gross domestic product (GDP) on security (The Economist, 1991a: 61). Robert McNamara, past president of the World Bank as well as a former US Secretary of Defense, supported this proposal in his speech before the World Bank Annual Conference on Development Economics (April 1991), recommending that military expenditures, as a percentage of GDP, be reduced by 50%. Nicole Ball, in Pressing for Peace: Can Aid Induce Reform?, argues cogently for conditioning international assistance on the initiation, or acceleration, of reforms in defense spending in the developing world (Ball, 1992).

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 36 , Issue 1 , Spring 1994 , pp. 37 - 74
Copyright
Copyright © University of Miami 1994

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