The Economics of Offsets: Defence Procurement and Coutertrade

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Offsets, or work-sharing arrangements, are frequently requested by governments when buying foreign defence equipment. Under an offset the vendor agrees to place work to a set value with firms in the buying country. Although popular, controversy surrounds their impact. Some claim that offsets create jobs and enhance the defence industrial base. Others argue that offset work would have been won without the offset or that it is low technology work which ceases once the vendor has fulfilled its offset obligation. Somewhat contradictorily, defence exporters with large offset obligations are often criticised for transferring work (jobs) and technology to potential foreign competitors. Despite their growth (which is outlined and analyzed in the book) the claims and counter-claims that surround offsets have not been subjected to critical scrutiny by economists. This book fills that gap. It brings together a team of internationally renowned specialists to document and evaluate the economic impact of several countries' offset policies. The authors also consider what further information is required for more informed public policies towards offsets. This book is designed for those studying defence economics, industrial economic policy, defence policy, business studies and international trade. It will also be of interest to practitioners and policy-makers in both government and industry.
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Product Details

Table of Contents

1 Introduction and Overview 1
2 Countertrade and Offsets: An Overview of The Theory and Evidence 15
3 The Defence Offsets Policy in Australia 49
4 Offsets and Weapons Procurement: The Belgium Experience 75
5 In Search of a Strategy: The Evolution of Canadian Defence Industrial and Regional Benefits Policy 107
6 Offsets and French Arms Exports 139
7 Offset Benefits in Greek Defence Procurement Policy: Developments and Some Empirical Evidence 163
8 Defense Industrialisation Through Offsets: The Case of Japan 177
9 Saudi Arabia and Offsets 219
10 The Teeth of the Little Tigers: Offsets, Defense Production and Economic Development in South Korea and Taiwan 245
11 From Offsets to Industrial Cooperation: Spain's Changing Strategies as an Arms Importer 299
12 US - Swiss F-5 Transaction and the Evolution of Swiss Offset Policy 321
13 The UK Experience with Offsets 337
14 US Offset Policy 357
15 The Business of Offset: A Practitioner's Perspective Case Study: Israel 381
16 Concluding Remarks 407
Index 411
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  • Anonymous

    Posted July 24, 2001

    Very accurate, with very good insight

    The author provides a complete perspective on how several countries approach countertrade as a business and policy tool. The data provided under the different case studies may be very useful either for experienced specialists or for new professionals beginning to work in this specific area.

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