The Post-Cold War Defense Draw Down: The Defense Industry's Response, Trends, and Changing Business Direction
Abstract
In the past five years, approximately since the demolition of the Berlin Wall, Americans have witnessed an unprecedented series of political and economic changes take place in the realm of the former Soviet Union. As a result of these changes, military and political analysts declared an end to over forty years of Cold War between the United States and the Soviet Union. With the end of the Cold War, the primary mission of the Armed Forces of the United States changed significantly. The need for a massive U.S. military posture to counter the Soviet threat was replaced by the need for a smaller force, capable of protecting U.S. interests in regional conflicts and helping to maintain world peace in different ways. For those who work in the defense establishment, this mission change has resulted in military spending reductions of a scale which has not occurred since the end of World War II. While all Americans rejoice in the fact that the United States will be able to devote fewer resources to military spending, it is important to examine the effect of these spending reductions on the U.S. economy and individual U.S. companies.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1993
- Accession Number
- ADA266929
Entities
People
- William H. Port
Organizations
- Pennsylvania State University