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ID:
189401
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| Summary/Abstract |
Augustine weapons systems are proposed as a new class of investment good. They have distinctive economic characteristics (technology intensive, high and rising unit costs, and declining volumes) leading to extensive changes in armed forces’ arsenals including the progressive replacement of military bulk with ever-smaller volumes of increasingly complex, capable, but also expensive weapons systems. While much has been written about their costs, there remain gaps in our understanding of their investment rationale and the modus operandi of their procurement. We distinguish between incremental and transformative Augustine weapons systems and discuss their investment rationale. We show that further understanding of Augustine weapons systems is obtained by using Lancaster’s model of product characteristics and the real investment options framework. Some civilian parallels are also discussed.
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| 2 |
ID:
068727
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| 3 |
ID:
089530
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| Publication |
London, Routledge, 2009.
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| Description |
xv, 396p.
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| Standard Number |
9780415362887
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 054297 | 355.6212/MAR 054297 | Main | On Shelf | General | |
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| 4 |
ID:
153089
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| Summary/Abstract |
In this paper, we use new data on military expenditure (milex) compiled by the Stockholm International Peace Research Institute (SIPRI) to investigate the relationship between military spending and economic growth. We focus on selected countries in Indo-Pacific Asia – an economically diverse but increasingly prosperous region with pockets of strategic competition and growing milex. We confirm the robustness of SIPRI’s milex data by corroborating it with defence budget data published by Australia’s Defence Intelligence Organisation (ADIO). We find no conclusive evidence of an arms race in the region. It is the growing economic prosperity that accounts for most of the growth in Indo-Pacific Asia’s milex. But we also find wide variations in the economic burden imposed by milex at the national level and that milex’ high level of aggregation masks important changes in national military capabilities.
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| 5 |
ID:
131364
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| Publication |
2014.
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| Summary/Abstract |
Defence offsets are elements of defence procurement deals additional to the primary content. Offsets are usually expected to yield technological or industrial benefits to the purchasing country (e.g. countertrade, technology transfers, or additional jobs) and military buyers often require suppliers to make offsets available "cost-free." The authors argued previously that such strategies achieve little of value to buyers that lack market power and are unnecessary otherwise, since purchasers with the market power to extract more value for money from foreign suppliers can do so anyway. This article also focuses on the supply side of offset deals. The USA is the world's largest defence offsets supplier but the US government opposes offsets demands as economically inefficient and trade distorting. Even if offsets are inefficient and trade distorting, they may still benefit a materiel-exporting country such as the USA as they may induce exports and create associated benefits for the offsets provider.
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| 6 |
ID:
089490
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2009.
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| Summary/Abstract |
To generate effective policy to reduce the proliferation of illicit small arms in developing countries, governments must understand how the weapons are distributed and illegal stockpiles formed. This paper describes the structural characteristics of small arms supply chains and models mechanisms delivering the weapons to illicit users. The paper draws on the experience of countries in Southeast Asia and the Pacific Melanesian states. By pointing to the structural complexity of small arms supply chains, it highlights challenges that multiple channels of supply pose for governments seeking to curb the flow of small arms into illicit stocks.
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