peace dividend


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Peace Dividend

A byword for the benefits for a government's budget (and presumably for the economy as a whole) resulting from a reduction in military spending following the end of a war or conflict. The peace dividend frees up money to spend on other things, which may have a significantly positive effect in the long term. However, it may cause job losses in some areas that are economically dependent on the military. The term was used frequently in the United States and Britain after the Cold War to justify military budget cuts.

peace dividend

the additional resources that may be made available as a result of cuts in national defence budgets following improved political relationships between Western industrial countries and the former Eastern bloc countries.
References in periodicals archive ?
1 bln in 2035 and yielding an annual average peace dividend of e1/4725 mln for both communities.
Peace Dividend Trust and C-JTSCC maintain registered vendor databases by commodity but little about vendors' actual performance.
2) Have peace dividends accrued more to one side at the expense of the other?
In the past two months, the peace dividend has been transformed into the terror tariff.
Speaking on the occasion of the NATO Defence Ministers' meeting on 2 December 1999, Lord Robertson told reporters that "The time for a peace dividend is over because there is no permanent peace -- in Europe, or elsewhere.
That peace dividend by itself may not entirely explain why the species has burst out of South America during the past century and spread as far as Australia.
Again, it would seem that tourism is not the cause but rather the beneficiary, a peace dividend, of the resolution of conflict.
But the primary reason the peace dividend remains elusive is the near sacrosanct status of the U.
The end of the cold war in 1990 and the associated superpower arms race was followed by disarmament and the expectations of a peace dividend.
It explores options but finds that the peace dividend has been invested in failed financial institutions.
That's the real peace dividend being able to devote not only your money but also your best brainpower to the private sector of the economy.
Any action toward job creation and growth should be funded by the peace dividend or other deficit neutral programs within the federal government.