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The Economics of Defense Industry

- Contemporary Prospects and Challenges
Engelsk Paperback

The Economics of Defense Industry

- Contemporary Prospects and Challenges
Engelsk Paperback
Tjek vores konkurrenters priser

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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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.

Produktdetaljer
Sprog: Engelsk
Sider: 228
ISBN-13: 9781032510651
Indbinding: Paperback
Udgave:
ISBN-10: 103251065X
Udg. Dato: 17 okt 2023
Længde: 16mm
Bredde: 245mm
Højde: 174mm
Forlag: Taylor & Francis Ltd
Oplagsdato: 17 okt 2023
Forfatter(e):
Forfatter(e)


Kategori Fredsstudier og konfliktløsning


ISBN-13 9781032510651


Sprog Engelsk


Indbinding Paperback


Sider 228


Udgave


Længde 16mm


Bredde 245mm


Højde 174mm


Udg. Dato 17 okt 2023


Oplagsdato 17 okt 2023


Forlag Taylor & Francis Ltd