ARMAMENT ESCALATION AND REGIONAL SECURITY IN THE MIDDLE EAST
This paper is a critical evaluation of the challenges of the insecurity posed by the production of Weapons of Mass Destruction (WMD) in the Middle East. It argues that the insecurity in the Middle East particularly arise as a result of the alteration of the regional military balance, destruction as a result of covert means and as a result of defense mechanism which has consistently endangered the lives and properties of the inhabitants of the Region. The paper concludes that unless the crisis between the Israelis and the Arab World is resolved and Arabs are prepared to accept the existence of the State of Israel and as long as the Israelis face what they regard as an existential threat, they are going to be reluctant to surrender what they see as an ultimate guarantor of their security. Keywords : Proliferation, security, defence, destruction.
Public Debt and External Reserve: The Nigerian Experience (1981–2013)
Nigeria is confronted with the issue of limited capital and has to resort to foreign debt in order to augment domestic savings, balance of payment deficits, and shortfall in revenue which induce continuous raise in the debt stock at an alarming rate. In the light of this, this study assesses the impact of public debt on external reserve in Nigeria. The objectives of this study include the assessment of the trends and relationship between public debt and external reserve in Nigeria, using the Johansen cointegration and FMOLS technique on the secondary data from 1981 to 2013. The result revealed that public debt has a positive and significant effect on external reserve stock in the long run suggesting that the nation’s debt crisis can be attributed to both exogenous and endogenous factors such as the nature of the economy, economic policies, high dependence on oil, and swindling foreign exchange receipt. This study recommends that the federal government should employ more superior method to negotiate for fixed interest payment and varying amortization schemes, as well as seek multiyear rescheduling rather than year by year basis.
Makers of Modern Strategy: From Machiavelli to the Nuclear Age
The essays in this volume analyze war, its strategic characterisitics and its political and social functions, over the past five centuries. The diversity of its themes and the broad perspectives applied to them make the book a work of general history as much as a history of the theory and practice of war from the Renaissance to the present. "Makers of Modern Strategy from Machiavelli to the Nuclear Age" takes the first part of its title from an earlier collection of essays, published by Princeton University Press in 1943, which became a classic of historical scholarship. Three essays are repinted from the earlier book; four others have been extensively revised. The rest--twenty-two essays--are new.The subjects addressed range from major theorists and political and military leaders to impersonal forces. Machiavelli, Clausewitz, and Marx and Engels are discussed, as are Napoleon, Churchill, and Mao. Other essays trace the interaction of theory and experience over generations--the evolution of American strategy, for instance, or the emergence of revolutionary war in the modern world. Still others analyze the strategy of particular conflicts--the First and Second World Wars--or the relationship between technology, policy, and war in the nuclear age. Whatever its theme, each essay places the specifics of military thought and action in their political, social, and economic environment. Together the contributors have produced a book that reinterprets and illuminates war, one of the most powerful forces in history and one that cannot be controlled in the future without an understanding of its past.