From a cold war peak of some $1000 billion per annum, world military expenditure has declined by about 40% since 1990, reaching its lowest level for thirty years. With such significant decline in global public expenditure committments to the defence sector, a substantial and lasting peace dividend was anticipated. Most governments believed that market forces, left more or less to their own devices, would deal effectively with this major exogenous shock and generate sufficient new economic activity to allow increased public expenditure on health, education and welfare. The approach of this book is to challenge the fundamental but flawed belief that a substantial and lasting peace dividend could be secured through market solution alone. The principal assertion is that market adjustment by itself cannot deliver such a dividend.The book focuses on the major aspects of the economic, business and security consequences of post Cold War defence expenditure reduction. Key problems obstructing optimal market response are identified and possible remedial action by government and others is considered.

Title first published in 2003. This invaluable book provides the first definitive critical introduction to the concept of stakeholding and its implications for policy and practice of key players in the new global order. Braddon and Maile take an interdisciplinary approach with particular emphasis upon the political economy of stakeholding which has become the major managerial and political motif of the 1990s.

From a Cold War peak of some 1000 billion dollars per annum, world military expenditure has declined by about 40 per cent since 1990, reaching its lowest level for 30 years. With such significant decline in global public expenditure commitments to the defence sector, a substantial and lasting peace dividend was anticipated. Most governments believed that market forces, left more or less to their own devices, would deal effectively with this major exogenous shock and generate sufficient new economic activity to allow increased public expenditure on health, education and welfare. The approach of this book is to challenge the fundamental but flawed belief that a substantial and lasting peace dividend could be secured through market solution alone. The principal assertion is that market adjustment by itself cannot deliver such a dividend. The book focuses on the major aspects of the economic, business and security consequences of post-Cold War defence expenditure reduction, including regional impacts, industrial restructuring, supply chain implications, labour market consequences, the conversion and diversification process, technological and strategic trade issues and limited policy re

Title first published in 2003. This invaluable book provides the first definitive critical introduction to the concept of stakeholding and its implications for policy and practice of key players in the new global order. Braddon and Maile take an interdisciplinary approach with particular emphasis upon the political economy of stakeholding which has become the major managerial and political motif of the 1990s.

This book is a unique collection of perspectives provided by a mix of leading academics, industrialists and government officials on the challenges facing the European aerospace industry. The book focuses on two interrelated, daunting challenges. The consolidated American aerospace industry, which in the 1990s has undergone $100bn worth of merger activity. The second is the compelling task of rationalization and consolidation required in the European industry itself. Through a mix of analytical perspectives and project-oriented assessments, the book provides an essential guide to the major strategic agenda for the European industry. A unique feature is the contribution of leading industry executives and project managers. These industry insiders outline the dilemmas and challenges facing the industry from the viewpoint of those at the sharp end of the business. The book is an essential guide to the technical, political and economic agenda for aerospace in the next decade and beyond.

The U.S. economy is generally considered to run on free market or laissez faire principles, implying that U.S. policy makers do not provide government support for industrial or commercial sectors. While mostly true, it is not the case with strategic industries, such as aerospace. Support for the aerospace sector has been viewed as essential, because aerospace technologies have been the material backbone of U.S. security systems. But American historic dominance in commercial aerospace, and particularly the large commercial aircraft sector, arose on the back of defence technology paid for by the US government. Aerospace Strategic Trade analyses the subsidy of the U.S. large commercial aircraft (LCA) industry and redefines the terms of the Airbus/Boeing subsidy debate. This is achieved by tracking the benefits to Boeing, of the Research and Technology contracts granted by the DoD and NASA. The book is characterized by a new level of methodological precision in the database upon which the factual claims rest and the analysis derives from an exhaustive search of U.S. public databases and also data on federal R&D contracts, obtained under the Freedom of Information Act (FOIA) in the USA. The overall analysis brings together these two approaches and provides a balanced and highly informative account of U.S. federal funding of the American large commercial aircraft sector. This book is of interest to academics, industrialists and government officials concerned with the aerospace industry, to managers and executives in the aerospace industry.

This book is a unique collection of perspectives provided by a mix of leading academics, industrialists and government officials on the challenges facing the European aerospace industry. The book focuses on two interrelated, daunting challenges. The consolidated American aerospace industry, which in the 1990s has undergone $100bn worth of merger activity. The second is the compelling task of rationalization and consolidation required in the European industry itself. Through a mix of analytical perspectives and project-oriented assessments, the book provides an essential guide to the major strategic agenda for the European industry. A unique feature is the contribution of leading industry executives and project managers. These industry insiders outline the dilemmas and challenges facing the industry from the viewpoint of those at the sharp end of the business. The book is an essential guide to the technical, political and economic agenda for aerospace in the next decade and beyond.