Do Oil Exports Fuel Defense Spending?
This monograph explores the impact that oil revenue had on the national defense spending of five oil-exporting countries. Despite periods of falling oil revenues, these countries typically did not lower defense spending. In some cases, defense spending increased sharply, or the rate of decrease was much lower than the drop in oil revenues. This condition creates challenges for national security professionals. A more complex picture emerges that forces analysts and policymakers to search more broadly for options to stem potential arms races that may be fueled by the riches of oil-exporting countries.
This publication is subject to Title 17, United States Code, Sections 101 and 105. It is in the public domain and may not be copyrighted.
Clayton K S Chun