This study examines the relationship between military spending and the decline of the American machine tool industry. It explores how government defense contracts, research and development funding priorities, and overall economic policies may have contributed to the challenges faced by US manufacturers competing in a global market, particularly within the context of shifting global economic dynamics.
Explore the comprehensive "Handbook of Defense Economics" by Keith Hartley, offering an in-depth analysis of the economic aspects of defense. This resource covers crucial topics such as military spending, the arms trade, and the overall economic impact of defense policies, making it an essential read for economists, policymakers, and anyone interested in the economics of national security.
Explore the profound transformation of the military economy throughout the 20th and into the early 21st centuries, examining how global conflicts, technological advancements, and evolving geopolitical landscapes reshaped defense industries, resource allocation, and the fundamental relationship between state power and economic development.