Economics of Security

These twin pressures have forced policy-makers to focus on achieving the goal of 'affordability' through value-for-money initiatives. However, efficient management of scarce national resources at the 'Departmental' level is not undertaken in isolation from broader economic influences. In the contemporary study of development economics, it is essential to examine the contributions made by Foreign Direct Investment, the trade-offs between security and defence expenditure and economic growth, and the economic dimensions of civil integration into the broader defence and security sector, particularly focused on the role of offsets in economic development. The aim of this course is to provide a contextual, theoretical and practical understanding of the economic and financial aspects of the security-development nexus.