After marked reductions in military spending in the 1990s, military budgets around the world are on the increase In this book, renowned authorities re-examine the economics of military expenditure, arms produашщмщction and arms trade in developing nations It includes analysis of military spending in Africa, Asia, and Latin America and new forms of civil conflict as well as nine case studies (Saudi Arabia, South Africa, Mozambique, Angola, sub-Saharan Africa, Greece, Turkey, Guбимжхatemala, and Chile) The book will serve as a valuable contribution to the fields of both development economics and security studies.