15 Pages Posted: 17 Sep 2013 Last revised: 14 Nov 2013
Date Written: September 15, 2013
The U.S. government is the dominant player in the global arms market. An existing literature emphasizes the many benefits of an international U.S.-government arms monopoly including: regional and global balance, stability and security, the advancement of U.S. national interests, and domestic economic benefits from international sales. The purpose of this paper is to balance this largely one-sided treatment of the U.S. government’s dominant position in the international arms market. We discuss several negative consequences and costs associated with U.S. arms sales which call into question the net benefit of the U.S. government’s control over global arms.
Keywords: Arms Sales, Foreign Policy, Monopoly, System Effects
JEL Classification: D42, D74, F51, F52, H12, H56
Suggested Citation: Suggested Citation
Coyne, Christopher J. and Hall, Abigail R., The Case Against a U.S.-Arms Monopoly (September 15, 2013). GMU Working Paper in Economics No. 13-32. Available at SSRN: https://ssrn.com/abstract=2326060 or http://dx.doi.org/10.2139/ssrn.2326060