The Structure of the Defense Industry: An International Survey

Reductions in defense expenditure can lead to economic hardship, but this can be mitigated by the ability of the economy to adapt to changing patterns of production. This book assesses the effects of reductions in defense industries on national economies, considering industry employment, output, research and development, capital value, profitability, concentration and competition, internal organization, and regional employment concentration.

Format: Paperback / softback
Length: 382 pages
Publication date: 15 October 2022
Publisher: Taylor & Francis Ltd

Proponents of arms control and disarmament often face the argument that reducing defense expenditure leads to cutbacks in military industries, resulting in economic hardship. While a decrease in defense production may cause some economic dislocation, the economy's ability to adapt to changing production patterns can mitigate these effects. This book, originally published in 1983, assesses the likely consequences of reducing defense industries by examining their roles in national economies. Each chapter explores industry employment, output, research and development, capital value, profitability, concentration and competition, internal organization, and regional employment concentration. Other topics considered include the economic significance of weapons exports, the defense industry's role in maintaining national technological capabilities, and the reliance of individual firms on defense contracting.

Introduction:
Arms control and disarmament are crucial issues that have been debated for decades. While proponents argue for reduced military spending to promote peace and stability, opponents fear that such cuts would harm the economy and lead to job losses. This book aims to examine the impact of reductions in defense industries on national economies.

Defense Industries and their Roles:
Defense industries play a significant role in many countries' economies. They employ a large number of workers, generate substantial revenue, and contribute to technological advancements. The book discusses the various roles that defense industries play, including employment, output, research and development, capital value, profitability, concentration and competition, internal organization, and regional employment concentration.

Economic Importance of Weapons Exports:
Weapons exports are a significant component of many defense industries. The book explores the economic importance of weapons exports, including the revenue generated, the impact on employment, and the effects on international relations.

Defense Industry as a 'Leading Edge in Maintaining National Technological Capabilities:
The defense industry is often seen as a 'leading edge' in maintaining national technological capabilities. The book examines the role of the defense industry in developing and advancing technologies that are used in other industries, such as aerospace and electronics.

Reliance of Individual Firms on Defense Contracting:
Individual firms in the defense industry rely heavily on defense contracting. The book discusses the impact of reductions in defense spending on these firms, including the potential for job losses, reduced revenue, and changes in the industry's structure.

Conclusion:
In conclusion, reductions in defense expenditure may cause some economic dislocation, but the economy's ability to adapt to changing production patterns can mitigate these effects. The defense industry plays a significant role in national economies, and its impact on employment, revenue, and technological advancements must be carefully considered.

Weight: 712g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367701253