Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157847
Authors: 
Rowley, Robin
Bichler, Shimshon
Nitzan, Jonathan
Year of Publication: 
1989
Series/Report no.: 
Working Papers, Department of Economics, McGill University 10/89
Abstract: 
This is the third paper in a series of four essays that deal with recent developments affecting the political economy of armaments. It begins by identifying the ‘military bias paradox’ of divergent behaviour, whereby the large armament corporations experienced an almost uninterrupted growth since the peak of the Vietnam War while domestic military spending exhibited a decade-long decline. The resolution of this apparent paradox could be found in the merging institution of arms exports, which supplemented domestic military budgets. The expansion of world markets for weapons coincided with the oil crisis of the 1970s. The Middle East became the focus of these developments. The interaction during the 1970s of rising military exports to this area and growing oil exports from the region provided a bsais for cooperation between major armament and energy corporations in an ‘Armadollar-Petrodollar Coalition’. The consolidation of this coalition removed a major conflict between ‘civilian’ and ‘military’ producers in the United States and affected the course of U.S. domestic and foreign military policies.
Subjects: 
arms exports
arma-core
corporation
elite
free flow
foreign policy
institutionalized waste
limited flow
Middle East
Asia
military spending
oil
petro-core
petrodollars
profit
redistribution
ruling class
Vietnam War
United States
URL of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Working Paper
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