{"product_id":"the-economics-of-defense-industry-contemporary-prospects-and-challenges-paperback","title":"The Economics of Defense Industry: Contemporary Prospects and Challenges - Paperback","description":"\u003cp\u003eby \u003cb\u003eThomas-Durell Young\u003c\/b\u003e (Editor)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book on the economics of defence industry assesses a series of historical and contemporary case studies that consistently demonstrate the need for governments to recognise, and thereafter factor, the financial needs of a narrow industrial sector that is capital intensive, technologically advanced and that requires a highly skilled labour force.\u003c\/p\u003e \u003cp\u003eSince the end of the cold war, Western governments have systematically reduced financial support to their domestic defence industry and have seemingly ignored planning and funding industrial mobilisation. In all cases, government policy has been to encourage industries to consolidate capacity to become financially viable in a sector that has seen diminished demand. The 2022 Russian invasion of Ukraine has caused Western governments to reassess their previous assumptions. Efforts to increase industrial capacity have been met with the iron laws of economics whereby businesses need to show return on investments. The chapters in this volume posit that efforts to rationalise industrial capacity and innovation to meet short-term financial efficiencies, inevitably results in limited, expensive, and long delays in increased production in times of international crisis.\u003c\/p\u003e \u003cp\u003eThis book serves as an essential guide for academics, researchers and students interested in defence economics, industrial economics, international relations, and industrial policy. The chapters in this book were originally published in various issues of \u003ci\u003eDefense \u0026amp; Security Analysis\u003c\/i\u003e.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThomas-Durell Young\u003c\/b\u003e is Senior Academic Advisor at President's Office at the Defense Security Cooperation University, Washington, DC, USA. He is the Editor-in-Chief of \u003ci\u003eDefense \u0026amp; Security Analysis.\u003c\/i\u003e His latest book is \u003ci\u003eAnatomy of Post-Communist European Defense Institutions: The Mirage of Military Modernity\u003c\/i\u003e (2017).\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 228\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.52 x 9.69 x 6.85 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 17, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51780377968928,"sku":"9781032510651","price":100.42,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/8f4628d0ffccf0caa3dc3e82675cf57e.webp?v=1780527012","url":"https:\/\/ebocreations.com\/products\/the-economics-of-defense-industry-contemporary-prospects-and-challenges-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}