Effects of reductions in NATO military expenditures on US employment by sector/occupation/region
Article Abstract:
The effects on US employment of a possible 25% cut in NATO's overall military expenditures are examined by sector, region and occupation using the Michigan Model of World Production and Trade computational general equilibrium. The main sectors in the US which would be adversely affected include metal products, basic metals and personal and community services. Reduced spending would only slightly lower American imports and exports. All 14 NATO member countries may be able to reduce military spending because of the improving relations between the Arabs and Israel, the breakup of the USSR and the reduced military strength of Iraq. The effects of spending cuts on the 14 individual NATO countries is also discussed.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
The WTO trade policy review of the United States. 1996,
Article Abstract:
The US has shown an adherence to its commitments to the World Trade Organization policies since the trade body's establishment in 1995, but has shown in some instances that it is willing to place national interest foremost in a number of trade disputes. One possible application of US national interest in its trading relations is in the formation of regional trade initiatives such as the NAFTA, the Free Trade Agreement of the Americas and the Asia Pacific Economic Conference.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Global market integration and national sovereignty
Article Abstract:
The history of global trading and influence of modern trading agreements on the sovereignty of trading nations is evaluated.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Marketization of production and the US-Europe employement gap. Regional variations in the competitiveness of unemployed job-seekers and the rate of outflows from unemployment
- Abstracts: Measuring noise in inventory models. Inventories, employment and hours. Input and output inventories
- Abstracts: Institutional uncertainty and taxpayer compliance. Tax compliance as a coordination game. Extending the lessons of laboratory experiments on tax compliance to managerial and decision economics
- Abstracts: Structural unemployment: Spain versus Portugal. Theoretical aspects of transition. Consumption and the recession of 1990-1991
- Abstracts: Comment on 'labor market institutions, liquidity constraints, and macroeconomic stability' by Frank R. Lichtenberg