NATO's two percent guideline: (Record no. 42224)

MARC details
000 -LEADER
fixed length control field 01997cam a2200193 4500
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name ALOZIOUS Juuko
245 ## - TITLE STATEMENT
Title NATO's two percent guideline:
Remainder of title a demand for military expenditure perspective/
Statement of responsibility, etc. Juuko Alozious
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2022
520 ## - SUMMARY, ETC.
Summary, etc. One of the outcomes of the 2014 North Atlantic Treaty Organization (NATO) Summit held in Wales was the recommendation that allies should strive towards spending at least 2% of their Gross Domestic Product (GDP) on military expenditure by 2024. This has in recent years put the debate on burden sharing within the Alliance in the limelight. Within the Alliance, the interpretation of the guidelines is different. This is partly because the U.S.A, especially under President Trump, has consistently viewed the 2-% guideline as a binding agreement. Some allies have, however, indicated that their military expenditure will not increase to the recommended threshold by the set deadline. Critics of the guideline have also identified several shortfalls associated with it and consequently dismissed it. Those who support it emphasize for instance that it contributes to addressing grievances about free riding within the Alliance. This paper contributes to this discussion and literature on demand for military expenditure by assessing how NATO's two percent guideline can be viewed from a demand for military expenditure perspective. It also proposes and estimates a dynamic panel model for this purpose. Empirical evidence presented suggests that fiscal conditions require attention in the debate on the two percent guideline.
598 ## - BULLETIN HEADING
Bulletin Heading NATO, MILITARY, EU
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element DEFENSE INVESTMENT PLEDGE
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element DEMAND FOR MILITARY EXPENDITURE
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element EUROPEAN UNION
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element NATO
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element TWO PERCENT GUIDELINE
773 ## - HOST ITEM ENTRY
Main entry heading Defence and Peace Economics:
Related parts Vol 33, No. 4, June 2022, pp.475-488
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.tandfonline.com/doi/full/10.1080/10242694.2021.1940649">https://www.tandfonline.com/doi/full/10.1080/10242694.2021.1940649</a>
Public note Click here for full text
945 ## - LOCAL PROCESSING INFORMATION (OCLC)
i 69128.1001
r Y
s Y
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
          Mindef Library & Info Centre Mindef Library & Info Centre Journals 21/01/2023   NATO 69128.1001 03/01/2024 1 03/01/2024 Journal Article