Monday, 1 July 2013
THE MAGNITUDE OF MILITARY EXPENDITURE
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THE MAGNITUDE OF
MILITARY EXPENDITURE: A FOCUS ON SELECTED AFRICAN COUNTRIES
Abstract
The economics of defence requires a grasp of several
interrelated issues. The World economic outlook indicates that military
spending relative to output has fallen by almost one quarter between 1986 and
1992. Furthermore, this fall has been much generalized, involving almost all
regions of the world. This paper focused on the trend in the magnitude of Military Expenditure
(milex) in Africa . Secondary data
documentations were used and the analysis was based on descriptive methods. Despite
what may seem a sizeable reduction in milex by these African countries, most of
the countries in fact increased their milex as a percentage of Gross Domestic
Product (GDP) over the period and many continue to spend amounts that are out
of keeping with an objective assessment of their security requirements and the
GDP growth especially the conflict ravaged African countries. There is need to
exercise control in milex in view of need to reallocate resources to poverty
alleviation sectors.
Prof. Muhammad A. Mainoma
Dr. Suleiman A.S. Aruwa
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