From a cold war peak of some $1000 billion per annum, world military expenditure has declined by about 40% since 1990, reaching its lowest level for thirty years. With such significant decline in global public expenditure committments to the defence sector, a substantial and lasting peace dividend was anticipated. Most governments believed that market forces, left more or less to their own devices, would deal effectively with this major exogenous shock and generate sufficient new economic ...

This book is a unique collection of perspectives provided by a mix of leading academics, industrialists and government officials on the challenges facing the European aerospace industry. The book focuses on two interrelated, daunting challenges. The consolidated American aerospace industry, which in the 1990s has undergone $100bn worth of merger activity. The second is the compelling task of rationalization and consolidation required in the European industry itself. Through a mix of analyt...

Title first published in 2003. This invaluable book provides the first definitive critical introduction to the concept of stakeholding and its implications for policy and practice of key players in the new global order. Braddon and Maile take an interdisciplinary approach with particular emphasis upon the political economy of stakeholding which has become the major managerial and political motif of the 1990s.

The U.S. economy is generally considered to run on free market or laissez faire principles, implying that U.S. policy makers do not provide government support for industrial or commercial sectors. While mostly true, it is not the case with strategic industries, such as aerospace. Support for the aerospace sector has been viewed as essential, because aerospace technologies have been the material backbone of U.S. security systems. But American historic dominance in commercial aerospace, and ...