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The defense buildup, 1977-85：effects on production and employment
production employment defense buildup post-Vietnam decline
2009/5/19
After several years of post-Vietnam decline, defense spending for major programs started the current peacetime buildup; the acceleration between 1980 and 1985 cushioned the decline in production jobs.
This analysis of year 2000 projections explores the economic impact of further military reductions in light of the dramatic improvement occurring in East-West relations.
The decade-long contraction in defense-related expenditures and employment is projected to continue through 2006, although at a significantly slower pace than the decline experienced from 1987-1996. T...