Volume 24, Number 14 · September 15, 1977
Carter and Arms: No Sale
By Emma Rothschild
The Arms Bazaar: From Lebanon to Lockheed
by Anthony Sampson
Viking, 352 pp., $12.95
Foreign Defense Sales and Grants, Fiscal Years 1973-1975; Labor and Material Requirements of Defense/International Economic Affairs
prepared by the US Department of Labor, Bureau of Labor Statistics
distributed by the US Department of Defense, Office of the Secretary
Report to Congress on Arms Transfer Policy from the US Senate, Committee on Foreign Relations
prepared by the US Department of State, limited supply available
The export of armaments is about to become an essential American industry. This is one conclusion suggested by a new study prepared for the Defense Department by the US Department of Labor. The study makes it possible for the first time to understand the economic consequences of the arms boom. Its estimates, put together with other United States government projections, show the military economy at a point of transition in 1977. Since 1973, military sales have changed from a minor to a major source of employment for Americans. The new study shows that in 1975 each $1 billion in foreign deliveries of military sales required the employment of 51,900 American workers. This year the US is expected to deliver $6.8 billion worth of military goods and services to foreign buyers. Some 350,000 people, these estimates imply, may now be working directly and indirectly to deliver military sales.[1]
Review, 4343 words
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