Economics of Arms

With an estimated 2.7 per cent of world GDP spent on arms, the industry is of huge importance to the global economy. It is also a business sector with a reputation for secrecy and lack of transparency. In this book, Keith Hartley brings his critical economic scrutiny to bear on the industry. Cutting through the myth, emotion and special pleading surrounding the sector he reveals how it functions economically and the key issues that determine its performance.