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The Economics of the Global Defence Industry
Keith Hartley, Jean Belin, Keith Hartley, Jean Belin
- 616 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
The Economics of the Global Defence Industry
Keith Hartley, Jean Belin, Keith Hartley, Jean Belin
About This Book
This book makes an original contribution to our knowledge of the world's major defence industries. Experts from a wide range of different countries â from the major economies of North America and Western Europe to developing economies and some unique cases such as China, India, Singapore, South Africa and North Korea â describe and analyse the structure, conduct and performance of the defence industry in that country.
Each chapter opens with statistics on a key nation's defence spending, its spending on defence R&D and on procurement over the period 1980 to 2017, allowing for an analysis of industry changes following the end of the Cold War. After the facts of each industry, the authors describe and analyse the structure, conduct and performance of the industry. The analysis of 'structure' includes discussions of entry conditions, domestic monopoly/oligopoly structures and opportunities for competition. The section on 'conduct' analyses price/non-price competition, including private and state funded R&D, and 'performance' incorporates profitability, imports and exports together with spin-offs and technical progress. The conclusion explores the future prospects for each nation's defence industry. Do defence industries have a future? What might the future defence firm and industry look like in 50 years' time?
This volume is a vital resource and reference for anyone interested in defence economics, industrial economics, international relations, strategic studies and public procurement.
Frequently asked questions
Information
1 The global defence industry
An overview
Introduction: aims and objectives
Criteria for selecting the countries
Country | Number of Top 100 arms companies by country |
---|---|
USA | 38 |
China | Not known: see Chapter 3 |
Russia | 10 |
UK | 8 |
France | 6 |
Trans-European | 2 |
Italy | 2 |
Germany | 3 |
Spain | 1 |
Greece | 0 |
Poland | 1 |
Ukraine | 1 |
Switzerland | 1 |
Sweden | 1 |
Norway | 1 |
Turkey | 2 |
Israel | 3 |
South Korea | 7 |
Japan | 5 |
Canada | 1 |
Australia | 1 |
Brazil | 1 |
India | 4 |
Singapore | 1 |
South Africa | 0 |
North Korea | Not known: see Chapter 27 |
- Top 100 ranked by arms sales and based on SIPRI Arms Industry Database, 2016. Subsidiaries are excluded.
- Trans-European companies are defined as companies whose ownership and control structures are located in more than one European country.
- China and North Korea are not listed in the SIPRI Top 100 arms companies: hence they are shown as not known.
Outline of the book
- A short statistical review of national defence spending with data on annual defence R&D and procurement spending, defence equipment imports and defence equipment exports. Data are annual figures for the period 1980 to 2017 which covers years before and after the end of the Cold War. Where available, officially published data are presented; or where such data are unavailable, authors identify the data gaps; and where official data are not available, authors were asked to identify and review alternative data sources (e.g. trade association data; company data, etc.). In this way, the book identifies major gaps in the data on the worldâs defence industries.
- Definition of the national defence industry and data on its size and trends (e.g. annual sales and employment data for 1980â2017) as well as identifying the industryâs major locations. This section includes a short historical overview of the industry and changes in industry definitions. Employment data distinguishes between direct and indirect numbers (supply chains), and proportions of R&D staff, skilled and unskilled (where available). The regional distribution of national defence industries is described with supporting data where available. Identifying the absence of official data on national defence industries will be an important research finding.
- Industry structure assesses whether the national industry is competitive, oligopolistic or a national monopoly, including the long-run trends in structure and the opportunities for competition. The leading arms firm and the top 10 major arms firms in 2016/17 are identified and if data permits, compared with the leader and top 10 in 1980. Entry conditions are described, including any preference for national procurement. Again, where data allows, information on the national/global supply chain and trends is described and assessed.
- Industry conduct deals with price and non-price competition and long-run trends in conduct. Here, national procurement policy is introduced, including any preference for national equipment, the role of competition in procurement and the use of various forms of contract (e.g. cost-plus; fixed price and target cost incentives). Rules and the regulation of profitability are described and assessed.
- Industry performance. Data on various performance indicators are reported and evaluated. These include defence industry productivity and profitability, exports and imports of defence equipment. Where possible comparisons are made with comparable civil industries (e.g. the whole economy; cars, pharmaceuticals, etc.). Other performance indicators include cost overruns and delays on major defence projects (e.g. aircraft carriers; submarines; tanks; combat aircraft). Examples are provided of any technical spin-offs and spin-ins. What are the strengths and weaknesses ...
Table of contents
- Cover
- Half Title
- Series Page
- Title Page
- Copyright Page
- Dedication
- Table of Contents
- List of figures
- List of tables
- Notes on contributors
- Preface
- 1. The global defence industry: an overview
- 2. The United States and its defense industries
- 3. Chinaâs defence industry
- 4. The Russian defence industry, 1980â2025: systemic change, policies, performance and prospects
- 5. The United Kingdom
- 6. The French defence industry
- 7. Trans-European arms companies and industries
- 8. The Italian defence industry
- 9. Germany
- 10. The Spanish defence industry: a long way to go
- 11. Greece
- 12. Polish defence industry: learning to walk again
- 13. Ukraine
- 14. Switzerland
- 15. The Swedish defence industry: drawn between globalization and the domestic pendulum of doctrine and governance
- 16. The Norwegian defence industry
- 17. Turkey
- 18. The Israeli defense industry
- 19. The defense industry of the Republic of Korea
- 20. Japanâs defence industry: from indigenisation to exploring internationalisation
- 21. Canadian defence industrial base
- 22. Defence industry in Australia
- 23. Brazil Reassessing Brazilâs arms industry
- 24. Indian defence industry: will âMake in Indiaâ turn it around?
- 25. Singaporeâs defence-industrial ecosystem
- 26. South Africa and its defence industry
- 27. North Koreaâs defense industry
- 28. Overall conclusion
- Index