peace dividend
Demilitarization's economic bonus
Peace dividend refers to the economic benefits expected when military spending decreases after a war or period of tension ends.
The idea is that money formerly devoted to defense can be redirected to civilian purposes—infrastructure, education, social programs: Politicians promised a peace dividend after the Cold War ended.
The term gained currency in the early 1990s following the Soviet collapse.
Decreased military spending
- fiscal surplusRevenue exceeding outlays
- public spendingGovernment allocation of funds
- infrastructure fundingMoney for public systems
- debt reductionDecreasing money owed
tax relief · demilitarization · conversion · downsizing · disarmament · economic restructuring · post-war boom · reinvestment
Easing of strained relations
- post-conflictAfter armed struggle ends
- demobilizationEnding wartime military readiness
- arms reductionLowering military weapon counts
- treaty complianceFollowing pact obligations
reconciliation · normalization · Berlin Wall · glasnost · perestroika · unification
defense cuts
Decreased military spending
- fiscal surplusRevenue exceeding outlays
- public spendingGovernment allocation of funds
- infrastructure fundingMoney for public systems
debt reduction · tax relief · demilitarization · conversion · downsizing · disarmament · economic restructuring · post-war boom · reinvestment
détente
Easing of strained relations
- post-conflictAfter armed struggle ends
- demobilizationEnding wartime military readiness
- arms reductionLowering military weapon counts
treaty compliance · reconciliation · normalization · Berlin Wall · glasnost · perestroika · unification
- Post-Cold WarUSSR dissolution, Soviet collapse, German reunification, Eastern Bloc, Boris Yeltsin
peace dividendmilitary buildup
Expansion of armed forces
arms race · rearmament · war footing · war economy · military expansion
peace, dividend, peaceful, peacefully, peacefulness, peacemaker, peacemaking, peaceable, peaceably