Global Arms Trade and Oil Dependence*.

Global Arms Trade and Oil Dependence*.
Author:
Publisher:
Total Pages:
Release: 2018
Genre:
ISBN:

Abstract We investigate how oil dependence affects the trade of weapons between countries. We argue that oil-dependent economies have incentives to transfer arms to oil-rich countries to reduce their risk of instability and, as a result, the chances of disruption in the oil industry. We employ gravity models of the arms trade and estimate the effect of both a local as well as a global oil dependence. Two key results emerge. First, the volume of arms transfers to a specific country is affected by the degree of dependence on its supply of oil. Second, global oil dependence motivates arms export to oil-rich countries even in absence of a direct bilateral oil-for-weapons exchange. Our results point consistently toward the conclusion that the arms trade is an effective foreign policy tool to securing and maintaining access to oil.

Energy (In)Security and the Arms Trade

Energy (In)Security and the Arms Trade
Author: Vincenzo Bove
Publisher:
Total Pages: 37
Release: 2018
Genre:
ISBN:

We provide novel empirical models of the arms trade and focus on the role of energy dependence, in particular of oil, in explaining the trade of weapons between countries. Dramatic geopolitical events such as wars can cause significant disruptions in the supply of oil and increase oil prices. Oil-dependent economies have therefore incentives to provide security by selling or giving away arms to oil-rich countries and reduce the risk of instability. We find strong empirical support for this claim using data on international transfers of major weapons and information on global and local oil dependence, oil reserves and oil discoveries.

Global Arms Trade

Global Arms Trade
Author:
Publisher: Office of Technology Assessment
Total Pages: 196
Release: 1991
Genre: Business & Economics
ISBN:

The Global Arms Trade

The Global Arms Trade
Author: Andrew T. H. Tan
Publisher: Routledge
Total Pages: 416
Release: 2014-05-22
Genre: Business & Economics
ISBN: 1136969543

The Global Arms Trade is a timely, comprehensive and in-depth study of this topic, a phenomenon which has continued to flourish despite the end of the Cold War and the preoccupation with global terrorism after 11 September 2001. It provides a clear description and analysis of the demand for, and supply of, modern weapons systems, and assess key issues of concern. This book will be especially useful to scholars, policy analysts, those in the arms industry, defence professionals, students of international relations and security studies, media professionals, government officials, and those generally interested in the arms trade.

Arms for Oil

Arms for Oil
Author: Michael Barratt Brown
Publisher: Spokesman Books
Total Pages: 152
Release: 2005
Genre: Business & Economics
ISBN: 9780851246987

It is a fact, an unfortunate fact, that economic relations between the West and the Arab and other Islamic countries could for many years be described accurately in just three words Oil for Arms or alternatively Arms for Oil. This has a long history going back to the First World War, when the Ottoman Empire was broken up between the British and French Empires and client regimes were established in the newly created states. The Second World War brought in the American Empire, but the main purpose of all these empires was to control the rich oil reserves in the region. Arms were supplied as necessary to maintain the client regimes in power. This became essential if oil was to remain cheap.

The Global Politics of Arms Sales

The Global Politics of Arms Sales
Author: Andrew J. Pierre
Publisher: Princeton University Press
Total Pages: 373
Release: 2014-07-14
Genre: Business & Economics
ISBN: 140085427X

Marshaling a great deal of new information in a highly readable manner, the author explains the reasons for the dramatic expansion of arms sales during the past decade and clearly traces such trends as the rise in sophistication of weapons being sold so as to include the most advanced technologies, and the shift in sales to unstable parts of the Third World. Originally published in 1982. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Guns and Oil

Guns and Oil
Author: Neha Khanna
Publisher:
Total Pages: 0
Release: 2014
Genre:
ISBN:

This paper analyzes the global conventional weapons trade between 1989 and 1999. We postulate that a key reason for the huge transfer of weapons to the Persian Gulf region is the enormous value of the oil wealth there along with the dependence of Western economies on access to the relatively cheap and steady supply of crude oil. We find a strong, positive, and robust empirical association between arms trade and crude oil trade and explain it as the result of a target price band arrangement that was responsible for the remarkably stable crude oil prices during our study period.

Rulers, Guns, and Money

Rulers, Guns, and Money
Author: Jonathan A. Grant
Publisher: Harvard University Press
Total Pages: 312
Release: 2007-03-15
Genre: History
ISBN: 9780674024427

The explosion of the industrial revolution and the rise of imperialism in the second half of the nineteenth century served to dramatically increase the supply and demand for weapons on a global scale. No longer could arms manufacturers in industrialized nations subsist by supplying their own states' arsenals, causing them to seek markets beyond their own borders. Challenging the traditional view of arms dealers as agents of their own countries, Jonathan Grant asserts that these firms pursued their own economic interests while convincing their homeland governments that weapons sales delivered national prestige and could influence foreign countries. Industrial and banking interests often worked counter to diplomatic interests as arms sales could potentially provide nonindustrial states with the means to resist imperialism or pursue their own imperial ambitions. It was not mere coincidence that the only African country not conquered by Europeans, Ethiopia, purchased weapons from Italy prior to an attempted Italian invasion. From the rise of Remington and Winchester during the American Civil War, to the German firm Krupp's negotiations with the Russian government, to an intense military modernization contest between Chile and Argentina, Grant vividly chronicles how an arms trade led to an all-out arms race, and ultimately to war.

Indefensible

Indefensible
Author: Paul Holden
Publisher: Bloomsbury Publishing
Total Pages: 258
Release: 2017-02-15
Genre: History
ISBN: 1783605707

Although there is often opposition to individual wars, most people continue to believe that the arms industry is necessary in some form: to safeguard our security, provide jobs and stimulate the economy. Not only conservatives, but many progressives and liberals, support it for these reasons. Indefensible puts forward a devastating challenge to this conventional wisdom, which has normalised the existence of the most savage weapons of mass destruction ever known. It is the essential handbook for those who want to debunk the arguments of the industry and its supporters: deploying case studies, statistics and irrefutable evidence to demonstrate they are fundamentally flawed, both factually and logically. Far from protecting us, the book shows how the arms trade undermines our security by fanning the flames of war, terrorism and global instability. In countering these myths, the book points to ways in which we can combat the arms trade's malignant influence, reclaim our democracies and reshape our economies.

Arms and the State

Arms and the State
Author: Keith Krause
Publisher: Cambridge University Press
Total Pages: 324
Release: 1995-08-10
Genre: Business & Economics
ISBN: 9780521558662

This book analyses the structure and motive forces that shape the global arms transfer and production system.