This book analyzes the economic and policy implications of reducing military spending in the aftermath of the Cold War. Lall and Marlin, along with contributing researchers, examine the challenges and opportunities created by defense budget cuts, focusing on economic conversion, labor impacts, industrial restructuring, and national budget priorities. The authors explore how shifting resources f…
This book shows how to make the smoothest possible transition to civilian use of newly released military resources, especially the physical and human resources that have been devoted to defense production and thereby help people make the required economic adjustment.