Screen LibraryThe economics of defense industry : contemporary prospects and challenges /
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 advanc...
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| Group Author: | |
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| Published: |
Routledge,
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| Publisher Address: | Abington, Oxon : |
| Publication Dates: | 2024. |
| Literature type: | Book |
| Language: | English |
| Subjects: | |
| Summary: |
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 result in limited, expensive, and long delays in increased production in times of international crisis. |
| Carrier Form: | x, 235 pages : illustrations ; 25 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9781032510651 103251065X 9781032510644 1032510641 |
| Index Number: | HD9743 |
| CLC: | F416.48 |
| Call Number: | F416.48/E197 |
| Contents: | Introduction: The economics of defense industry: contemporary prospects and challenges / Thomas-Durell Young -- Part I. Historical perspectives : 1. Defence procurement in perspective: what the history of the aircraft industry can tell us about UK defence procurement / Matthew Powell -- 2. Why the Turkish defense industry between 1919 and 1950 failed? / Uğur Ermiș and Günseli Gümüșel -- 3. The Czech defence and security industry: taking the pulse to an ailing man / Bohuslav Pernica -- 4. Defence industry in Iran: between needs and real capabilities / Robert Czulda -- 5. The decline of South Africa's defence industry / Ron Matthews and Collin Koh -- 6. The Greek defence industry: from crisis to equilibrium / Spyridon Plakoudas -- 7. Addressing the "headwinds" faced by the European arms industry / Mitja Kleczka, Caroline Buts and Marc Jergers -- Part II. Defence industrial policies and practices : 8. Success and failures of the Gripen offsets in the Visegrad Group countries / Zsolt Lazar -- 9. Clustering in defence-related procurement: the case of a Belgian naval construction cluster / C. Peeters and R. Pilon -- 10. Make or buy? Explaining diverging frigate procurement approaches in Denmark and Norway / Michael Kluth -- 11. The challenges in buyer-supplier relationship for technological absorption capability in international defence acquisition: the case of Southeast Asia / Kogila Balakrishnan and Zsolt Lazar -- Conclusion: The economics of defence industry / Kogila Balakrishnan and Zsolt Lazar. |