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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Secretary [Dick] Cheney pointed out that people should not look for a peace dividend overnight because most of the defense department's expenditures are for personnel and he'd have to trim forces.
The two negotiators listened and scribbled notes as Cypriot business reps brainstormed on how to maximise the peace dividend.
He held out the prospect of a "peace dividend" for the Palestinian people if a stable and lasting agreement with Israel could be reached next year - in the shape of UK and European help with trade and investment.
Gone the hope for universal health care, gone the hope for a peace dividend, gone the hope for rebuilding our cities, gone the hope for a more just economy.
Ulster's so-called peace dividend is about to be felt with a massive jobs boost, led by a controversial textile giant.
He admitted that there will be no peace dividend and he all but promised that U.S.
Leonen said the government had set aside a substantial amount as a peace dividend for the Bangsamoro, recognizing that "there is a need to stabilize the situation by providing for livelihood for people on the ground, not only for the fighters of the MILF, but also for the community."
"As it becomes a middle income country, Sri Lanka will face a new set of challenges, including ensuring very high quality education in computer and financial literacy and managing the demographic transition in a way that challenges are turned into opportunities, and maximizing the country benefits from the peace dividend," Dr.
Big gains also for Greece Turkey stands to gain a peace dividend of over EUR 17 billion every year from a solution of the Cyprus problem, according to new research published by the Cyprus Centre of the Peace Research Institute Oslo (PRIO), with new annual gross revenue of EUR 12.3 billion and annual cost savings of EUR 5.1 billion.
University of Ulster academic Eilish Rooney said Catholic and Protestant poor were missing out on the peace dividend.
The number needing the Caledonian's services has fallen as the armed forces were cut in the peace dividend, which followed the collapse of the Eastern Block.