The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. This new era concerns the enhanced cross-border flows of all kinds (e.g., capital and labor flows, revolutionary rhetoric, guerrillas, and terrorists) including the spillovers of benefits and costs associated with public goods and transnational externalities (i.e., uncompensated interdependencies affecting two or more nations). These ever-increasing flows mean that military armaments and armies are less able to keep out security threats. Thus,...
The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. T...
It is estimated that today some 2.7% of world GDP ($1.5 trillion) is spent on arms. In 2014 Lockheed Martin, the US defense contractor, had revenues of $45 billion - the equivalent of the GDP of Tunisia. This book explores the business behind these breathtaking figures and explains how the arms industry makes its money. The book begins by defining the industry, explaining why the sector is important, outlining its prime contractors and key supply chains. Its cost categories (from R&D to maintenance), the role of technical innovation, and the sector's dependence on the monopsony buying...
It is estimated that today some 2.7% of world GDP ($1.5 trillion) is spent on arms. In 2014 Lockheed Martin, the US defense contractor, had revenues o...
Since the end of the Cold War, the world has been faced with new regional conflicts, terrorism and threats from the proliferation of weapons of mass destruction and from rogue states. The world remains uncertain, unstable and insecure with continued threats to global peace and security. The world economic crisis has also threatened government spending with defence as a candidate for spending cuts. Choices have to be made about the size of a nation's defence budget, its allocation between nuclear and conventional forces, between equipment and personnel and between air, land and sea forces....
Since the end of the Cold War, the world has been faced with new regional conflicts, terrorism and threats from the proliferation of weapons of mass d...
This important book explores the threats and challenges to regional security, for Nato, in the Mediterranean, and in the sub-Saharan countries, namely southern Africa. Written and edited by leading researchers, the volume's significance lies in its demonstration of how concepts from economics and other social science disciplines can be applied to important issues of defence, conflict and peace at the regional level.
This important book explores the threats and challenges to regional security, for Nato, in the Mediterranean, and in the sub-Saharan countries, namely...
Defence inflation is a recurring factor in determining defence spending. It is widely reported in official government publications and in the trade press, but remains relatively neglected by defence and peace economists. In this book, international contributors from Finland, Norway, Sweden, the UK and the USA distinguish between defence inflation and cost escalation, and identify the causes of both. They use specific case studies to address a wide variety of theoretical and empirical issues and key questions, including the following: Does defence inflation affect all countries? What are...
Defence inflation is a recurring factor in determining defence spending. It is widely reported in official government publications and in the trade...
