Question Description

The global defense market has been in a rapid transition over recent years as traditional leading players address declining domestic markets through pursuit of export markets. High investment by emerging market nations has both driven demand and created new domestic champions, which are now also pursuing export opportunities. One may wonder whether such investment results from the need for new capabilities, linked to existing or emerging threats, and whether the outputs of defense sector match the expectations. Defense sector has been widely criticized on the economic position because of its opportunity cost and its relative ineffectiveness compared to civilian sector. It is therefore quite surprising that defense spending reduced or at least preserved from budget cuts in some countries. attached all the details.

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