Terrence R. Guay

This Letort Paper evaluates the defense industrial capabilities of six emerging market countries: Brazil, Russia, India, China, South Africa (BRICS), and Turkey. These six countries represent the primary non-Western (that is, not the United States or Western and Central European) countries that are active in either importing or exporting weapons or both, and currently have or hold the conditions to develop a vibrant defense industrial base over the next 2 decades. The prominence of these and other countries reflects the economic changes, investment opportunities, and future potential of some of the world s largest countries (in population). Clearly, a different global environment now exists than that of just 30 years ago, before the fall of the Berlin Wall and end of the Cold War. To the extent that economic power translates into political and military power, the United States will be faced with multidimensional challenges from these countries in the years to come.

Today, U.S. and European defense firms are at a crossroads. Opportunities for the construction of a transatlantic defense sector are tangible, but significant obstacles may accelerate the formation of a bipolar industrial base. While market forces played a key role in the transformation and consolidation of these sectors in recent years, political considerations are largely responsible for a restructuring process that has been almost entirely among U.S. firms in the United States and among European Union companies in Europe. In this monograph, Dr. Terrence Guay examines the forces that have shaped the restructuring of the U.S. and European defense industries since the end of the Cold War, and presents factors that will influence further restructuring and consolidation in the short- and medium- terms.

The forces of globalization present challenges, risks, and opportunities to virtually every industry in every country. This includes the sector that traditionally has been more insulated from external pressures than any other-the defense industrial base. One of the most important implications of globalization is its effect on the economic competitiveness of countries and particular industries. Both governments and defense companies bear the responsibility for devising prudent policies and strategies that capture the opportunities presented by globalization, while mitigating the risks. In this monograph, Dr. Terrence Guay explores how key elements of globalization have transformed national defense industries around the world, and how these changes will affect the U.S. defense industrial base in the coming years. He focuses on elements of globalization that are relevant especially to the defense industry: the globalization of capital (finance), production, trade, technology and labor...

The Business Environment of Europe is the first textbook to provide a complete overview of Europe's business landscape, examining the region's diverse economies and government policies within historical, political, and cultural contexts. This well-researched text examines the European Union and select European nations, and leads students to a full understanding of the structure and dynamics of specific industries, the impact of globalization on European companies, and the future challenges facing the region's business environment. Numerous tables, maps, figures, case studies and chapter-specific bibliographies support students with little background knowledge of the subject, and lead them to total mastery of the material. Ideal for business students seeking background on the historical and cultural foundations of European business, and for international studies students seeking specific information on European governments, policies and economics, this introductory textbook provides a comprehensive and interdisciplinary overview of the subject.

The Business Environment of Europe is the first textbook to provide a complete overview of Europe's business landscape, examining the region's diverse economies and government policies within historical, political, and cultural contexts. This well-researched text examines the European Union and select European nations, and leads students to a full understanding of the structure and dynamics of specific industries, the impact of globalization on European companies, and the future challenges facing the region's business environment. Numerous tables, maps, figures, case studies and chapter-specific bibliographies support students with little background knowledge of the subject, and lead them to total mastery of the material. Ideal for business students seeking background on the historical and cultural foundations of European business, and for international studies students seeking specific information on European governments, policies and economics, this introductory textbook provides a comprehensive and interdisciplinary overview of the subject.

First Published in 2001. This book provides a concise yet thorough overview of the interactions between the world's dominant country and the world's most developed institution. The book examines the major events in the history of US-EU relations, and suggests that changes in the international political economy play a key role in shaping this relationship: the US and the EU are in a constant state of competition and cooperation that varies by issue and policy area.The United States and the European Union is well-suited for researchers interested in Europe's external relations, US foreign policy, political economy and contemporary global issues.