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 of 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 needing 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.
General
| Imprint: |
Taylor & Francis
|
| Country of origin: |
United Kingdom |
| Release date: |
October 2023 |
| First published: |
2024 |
| Editors: |
Thomas-Durell Young
|
| Dimensions: |
246 x 174mm (L x W) |
| Pages: |
228 |
| ISBN-13: |
978-1-03-251065-1 |
| Categories: |
Books
Promotions
|
| LSN: |
1-03-251065-X |
| Barcode: |
9781032510651 |
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