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date: 27 January 2022

Abstract and Keywords

National security has typically been studied as analytically separate and distinct from political economy. This chapter explores the economic underpinnings of national security and, in particular, the key economic dimensions of contemporary U.S. security policy dilemmas. It offers an overview of the problems associated with security policy in an era of austerity, the economic dimensions of power transition from unipolarity to multipolarity, and the security consequences of U.S. and global populist discontent. We then move beyond the traditional relationship between economics and security to discuss several important contemporary political economy dilemmas that face the U.S. security establishment. Finally, it discusses the economic dimensions of counterterrorism, counterproliferation strategies, and war mobilization.

Keywords: political economy of security, defense economics, austerity, war mobilization, defense industrial base, national security

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