The Economics of the Global Defence Industry

This book provides an in-depth analysis of the defense industries of different countries,including their structure,conduct,and performance. It offers a valuable resource for researchers, policymakers, and industry professionals interested in defense economics, industrial economics, international relations, strategic studies, and public procurement.

Format: Paperback / softback
Length: 640 pages
Publication date: 30 June 2021
Publisher: Taylor & Francis Ltd

This book makes a groundbreaking contribution to our understanding of the world's major defense industries. Experts from diverse countries, spanning from major economies in North America and Western Europe to developing economies and unique cases like China, India, Singapore, South Africa, and North Korea, provide detailed descriptions and comprehensive analyses of the structure, conduct, and performance of their respective defense industries.

Each chapter begins with statistics on a key nation's defense spending, research and development (R&D) expenditures, and procurement from 1980 to 2017. This data enables a thorough examination of industry changes that occurred after the end of the Cold War.

Following the presentation of factual information about each industry, the authors delve into a detailed analysis of its structure, conduct, and performance. The structure section encompasses discussions on entry conditions, domestic monopoly or oligopoly structures, and opportunities for competition. The conduct analysis examines price and non-price competition, including private and state-funded R&D, while the performance section considers profitability, imports and exports, spin-offs, and technological advancements.

The conclusion explores the future prospects for each nation's defense industry, addressing questions such as whether defense industries have a future and what the future defense firm and industry might look like in 50 years.

This volume serves as an essential resource and reference for individuals interested in defense economics, industrial economics, international relations, strategic studies, and public procurement. Its comprehensive coverage and insightful analysis provide valuable insights into the complex dynamics and evolving trends within the global defense sector.

Weight: 936g
Dimension: 156 x 232 x 41 (mm)
ISBN-13: 9781032085807