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This book provides a detailed economic analysis of why the Persian Gulf has become one of the most heavily militarized regions in the world. The authors examine military expenditures, arms imports, deployments, and local military industries, and analyze factors driving militarization such as oil-wealth disparities, high oil revenues, corruption, and foreign interference. They assess the economic and social consequences of heavy militarization — including slowed development, instability, and conflict — and conclude with policy recommendations for demilitarization to promote regional peace and economic prosperity.
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Publisher: Edward Elgar Publishing
Publishing Year: 2009
ISBN: 978-1-84720-611-4
Pages: 173