The U.S. government spends billions of dollars every year on goods and services from foreign countries. Most of this spending is for military purposes. Over $1 billion a year in overseas defense spending is “strategic,” meaning that it is designed to support both global military operations...

The Transatlantic Trade and Investment Partnership (TTIP) promises to liberalize trade between the European Union and the United States. Although the negotiations have so far excluded defense, this essay considers what would happen if a TTIP removed overt restrictions. What barriers would...

Freer trade in transatlantic public procurement will be possible only if greater understanding of the two systems is achieved. One of the fundamental differences between the two is their composition of purchases: whereas in U.S. federal procurement 70-80% of purchases are military, defense...

The acquisition and procurement of major weapons systems is fraught with difficulties. They tend to be delivered late, over budget and unable to meet requirements. This Element provides an economic analysis of why this happens. Market structure, demand by the military and supply by the arms...

Zwischen 1961 und 1974 schlossen die Bundesrepublik und die USA acht Offset-Abkommen. Im Rahmen dieser Abkommen erwarb die Bundesrepublik Rüstungsgüter und US-Staatsanleihen, um die Devisenkosten der in der Bundesrepublik stationierten US-Truppen zu kompensieren. Im übergeordneten Sinne...

As a country largely free of the corruption that bedevils the defence procurement of many of Australia's Asian neighbours, it is generally assumed that Australia's national security interests, together with value for money, are the paramount criteria for Australia's defence procurement. This is...

The European Commission (EC) has proposed expanding the European Defence Fund, an initiative to fund defense technology developed in Europe. As a general matter, only European firms would have access to the fund for development, and participating European nations would need to commit themselves...

Governments have vital missions, such as securing their nation from many internal or external risks/threats. Thus, they prepare themselves against different scenarios. The most common scenario for all countries is “facing attacks from other countries”. However, training for these scenarios...