Monographie

The Economics of defense industry : contemporary prospects and challenges / edited by Thomas-Durell Young

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  • Volume
  • The Economics of defense industry : contemporary prospects and challenges / edited by Thomas-Durell Young
  • London New York (N.Y.) : Routledge, 2024
  • 1 vol. (X-235 p.) : ill., cartes, graph., tabl. ; 25 cm
  • 1-03-251065-X
  • 978-1-03-251065-1
  • 978-1-03-251064-4
  • 9781032510651 br.
  • 338.473 55
  • D'abord publié dans la revue "Defense and security analysis"
  • Notes bibliogr. en fin de chapitres. Index
  • Introduction The economics of defense industry: contemporary prospects and challengesThomas-Durell Young Part I: Historical perspectives1. Defence procurement in perspective: what the history of the aircraft industry can tell us about UK defence procurementMatthew Powell2. Why the Turkish defense industry between 1919 and 1950 failed ?Uğur Ermiş and Günseli Gűműşel3. The Czech defence and security industry: taking the pulse to an ailing manBohuslav Pernica4. Defence industry in Iran: between needs and real capabilitiesRobert Czulda5. The decline of South Africa's defence industryRon Matthews and Collin Koh 6. The Greek defence industry: from crisis to equilibrium Spyridon Plakoudas7. Addressing the "headwinds" faced by the European arms industryMitja Kleczkaa, Caroline Buts, and Marc JegersaPart II: Defence industrial policies and practices8. Success and failures of the Gripen offsets in the Visegrad Group countriesZsolt Lazar9. Clustering in defence-related procurement: the case of a Belgian naval construction clusterC. Peeters and R. Pilon 10. Make or buy ? Explaining diverging frigate procurement approaches in Denmark and NorwayMichael Kluth11. The challenges in buyer-supplier relationship for technological absorption capability in international defence acquisition: the case of Southeast AsiaKogila Balakrishnan and Zsolt LazarConclusion: The Economics of Defense Industry Kogila Balakrishnan and Zsolt Lazar
  • This book on the economics of defence industry assesses a series of historical and contemporary case studies that consistently demonstrate the need for governments to recognise, and thereafter factor, the financial needs of a narrow industrial sector that is capital intensive, technologically advanced and that requires a highly skilled labour force. Since the end of the cold war, Western governments have systematically reduced financial support to their domestic defence industry and have seemingly ignored planning and funding industrial mobilisation. In all cases, government policy has been to encourage industries to consolidate capacity to become financially viable in a sector that has seen diminished demand. The 2022 Russian invasion of Ukraine has caused Western governments to reassess their previous assumptions. Efforts to increase industrial capacity have been met with the iron laws of economics whereby businesses need to show return on investments. The chapters in this volume posit that efforts to rationalise industrial capacity and innovation to meet short-term financial efficiencies, inevitably results in limited, expensive, and long delays in increased production in times of international crisis. This book serves as an essential guide for academics, researchers and students interested in defence economics, industrial economics, international relations, and industrial policy. The chapters in this book were originally published in various issues of Defense & Security Analysis.
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