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Military industrialization and economic development: Jordan's defense industry

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  • Jomana Amara

Abstract

Jordan is a recent entrant to the domestic defense industry with the establishment of King Abdullah II Design and Development Bureau (KADDB) in 1999. The defense industrial initiative is intended to jumpstart industrialization across a range of sectors. With the Jordanian defense expenditures at 8.7% of GDP, the Jordanian authorities created the defense industry to utilize defense budget spending power and to assist in economic growth without placing additional demands on the national budget. This study examines Jordan's attempt to establish a defense industry and reviews its accomplishment. The study also compares the economic achievements of the defense industry to those of the Qualified Industrial Zone (QIZ), another major government facilitated economic development mechanism.

Suggested Citation

  • Jomana Amara, 2008. "Military industrialization and economic development: Jordan's defense industry," Review of Financial Economics, John Wiley & Sons, vol. 17(2), pages 130-145.
    • Handle: RePEc:wly:revfec:v:17:y:2008:i:2:p:130-145
    DOI: 10.1016/j.rfe.2007.02.006
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    References listed on IDEAS

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    1. Day-Yang Liu & Chia-Kan Wang & Chung-Yi Fang & Pei-Leen Liu, 2021. "A Study of Project Financing on the Defense Industry in Systems Thinking Perspective," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(2), pages 1-6.

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