Economic Impact of Base Closures on Communities

Economic impact of base closure on the community After the Second World War, the United States suddenly faced a new enemy of the Soviet Union. If America used the atomic bomb in Japan, it was a competition to make bigger, stronger nuclear weapons. The Cold War began. This "war" will be one of the most expensive companies in American history. Whenever the Soviets build something, we will build it. The reverse is also true. It is an endless cycle to see who can surpass each other.

Basic closure, which may be difficult for some communities in the first place, does not necessarily mean a period of economic difficulty. Of the 150 major bases that have been closed or readjusted nationwide since 1988, most of the areas expected to experience recession experienced tremendous growth. On average, the experience of closure and readjustment is very good. An independent analysis of the General Auditing Office and Congressional Budget Office is unanimously endorsed, and once the implementation costs are offset, the BRAC round will bring significant savings.

essay.com/Internet article comment: The Department of Defense recently proposed to Congress to close a single round base to make better use of scarce resources

Internet Article Review: The Department of Defense recently submitted a proposal to Congress requesting a one-time base closure to make better use of scarce resources

Recent economic difficulties have affected many economic activities that froze the credit market, the economic benchmark dropped sharply, financial institutions collapsed, enterprises were closed down, and personal consumption sharply declined . Because many employees are unemployed, closing organizations and for-profit organizations has resulted in an increase in unemployment (Stefanou Spiro, 1993). Due to changes in income ratios and budget constraints, the habit of consumption expenditure has changed. Small and medium enterprises such as independent grocery stores are affected by the period of economic difficulties

Economic impact analysis is often used to investigate the results of economic development projects and initiatives such as real estate development, start and end of projects, selection of premises. This analysis not only helps subsidies and tax incentives, it also helps to increase community support for these projects. Economic impact analysis is often developed with suggested legislative or regulatory changes to fully understand the economic impact of government actions. The US Department of Energy economic impact model is an example of such an application. In many cases, economic impact analysis is being developed by parties claiming legislative or regulatory changes to convey the merit of the proposed action. It can be used for lobbying activities, public relations activities, and activities to encourage local communities.