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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

References in periodicals archive ?

This indicates that the peace dividends from the Camp David agreement by far favored Israel over its Arab neighbors and outpaced whatever economic growth was experienced in Arab countries prior to the Camp David accord.

Winners and losers in the Middle East: the economics of "peace dividends"

Having its basic documents in place, party officials argue, will enable the SPLM to pursue, with renewed energy, the process of transforming itself into a mass political party capable of delivering peace dividends to the people of South Sudan.

SPLM political bureau meeting set for 5 March

Members of the Peace and Security Council of the African Union said more attention should be paid to recovery and development projects to provide the peace dividends to Darfur people.

UNAMID chief calls to press rebels to achieve peace in Darfur

The government had earlier resolved the need to rotate the annual peace celebrations among the state capitals across Southern Sudan and initiate and implement projects for the celebrations that would deliver peace dividends to the populations in the host states.

South Sudan postpones CPA anniversary celebrations to later day

"For some the peace penalties are outweighing the peace dividends with much of the south still in a state of humanitarian crisis.

UK lawmakers call for new approach to Sudan

Again, it would seem that tourism is not the cause but rather the beneficiary, a peace dividend, of the resolution of conflict.