Main Directions of Development in the Defence Industry Sector in the Aspect of Globalization

Abstract

The defence industry is one of the demanding elements of the economy. The European defence market brings together many entities operating in various economic forms. Each of these entities operates under conditions of strong competition requiring large capital expenditures. The main directions observed is the integration of member states in the field of security and defence and the concentration of defence industry, which main objective is to strengthen the European industrial and technological base, international approach to program implementation research and production, and above all, avoiding the multiplication of identical research programs and technological competence as well as seeking opportunities to reduce production costs. Due to the high costs of developing new military technologies, the vanishing of the defense sector's territorial division and the merging of US, European and others of the world cannot is highly probable. At the beginning, probably in individual projects, as technology develops, consolidation can be permanent.
Classification-JEL:
Keywords: Defence industry; Collaboration; Globalization; Defence and security; International Projects.