Despite many pioneering works in the developed countries, defence economics has few takers in the developing world including India, where the relevance of the subject has not been comprehended until now. Even at present, many security analysts question the utility of application of economic principles in the strategic sector!

Intelligence is the first line of defence in any war; unfortunately for the Americans, this most important aspect of war was the weakest link during recent Iraq confrontation. Their failure to find Weapons of Mass Destruction (WMDs) in Iraq made them realise the need of reassessment of overall intelligence gathering procedures. The recent re-evaluation by adopting more stringent standards towards analysing their earlier estimates about Cuba’s bio-weapons programme has made them conclude that Cuba has no active bio-weapons programme.

The statement released by a group called Iraq Body Count (IBC) on September 8, 2004, has claimed that the number of Iraqi civilians killed since the US attack on Iraq in March 2003 has crossed 11,000 and majority of the deaths came after the major combat operations ended on May 1, 2003. This clearly indicates the failure of the US led coalition to provide security to the Iraqi people.