| Publication |
2012.
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| Summary/Abstract |
Foreign Affairs recently published an article by Jonathan Caverley and Ethan B. Kapstein entitled "Arms Away. How Washington Squandered Its Monopoly on Weapons Sales." The article provides an extremely interesting view of the U.S. academics on developments in the arms market. Analyzing mainly changes in the U.S. position in this market, namely the loss by the United States in the 2000s of its monopoly on arms sales achieved in the 1990s, the authors also touch upon more fundamental issues. One of them is the general evolution of the configuration of players in this market. Another, largely theoretical issue is the basic factors, both political and economic, that influence this evolution. The main reason why the U.S. defense industry lost its position in the market, according to the authors, was that the U.S. defense industry focused on the production of cutting-edge and excessively expensive weapons, which have begun to lose to simpler and more affordable weapons systems made in Europe, Russia, Israel or even South Korea.
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