Military Complex

In: Business and Management

Submitted By dc38109
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Pages 2
“Military Industrial Complex”. What does this term mean, who coined the term and when? The Military Industrial Complex is generally defined as a coalition consisting of the military and industrialists who profit by manufacturing arms and selling them to the government. The Military Industrial Complex as coined by President Dwight D. Eisenhower in his farewell address on 1961. Great and sustained spending for defense and war he warned created power groups that could disastrously harm the nation future.

How is this concept related to Third World military regimes?

Military Industrial Complex is very influential and resourceful and related to financial crisis at the time primarily affected developing nations negatively. The first modern MIC arose in Britain, France and Germany in the 1800s and 1890s as part of increasing need to defend their respective empires both on the ground and at sea.

What roles do developed nations play in the arms business in Third World countries? Please

think of present day examples.

Developing countries are the main recipients of the arms sales. Developing nations continue to be the primary focus of foreign arms sales activity by weapons suppliers though most are arms are supplied by just 2 or 3 major supplier. In spite of our global economic climate major purchase has continue to be made by a select few developing nations in these regions such as India in Asia, and Saudi Arabia in the Middle East. In the increasing of the price of oil, while an advantage for major oil producing state funding their arm purchase has simultaneously caused economic difficulties for much oil consuming state contributing to their decision to curtail or defer new weapons acquisitions. There is a number of less affluent developing nations have chosen to upgrade while reducing new purchase.…...

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