Journal Article
The impact of the current defense build-down
Abstract: For the third time since the end of World War II, the United States is engaged in a long-term defense build-down. This article provides a broad macroeconomic overview of the current build-down relative to the build-downs following the Korean War and the Vietnam War. In addition, the authors examine regional and industrial impacts of cuts in defense spending.
Keywords: Defense contracts; War - Economic aspects; Employment (Economic theory);
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Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Quarterly Review
Publication Date: 1992
Volume: 17
Issue: Aut
Pages: 59-68