Download Full Text (737 KB)
Occasional Paper 104
Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130
Although the bottom is not about to fall out of the military market, a tough period of belt tightening has begun. The severity of these adjustments will vary based on the size and relationship of businesses to the defense industry. Ultimately, the military procurement process must be reformed. First, by streamlining the rules. Second, by upgrading the caliber of the people involved in the process. And finally, by changing the incentive structure facing the people who produce the equipment.
Defense Spending, Industrial Base, Military, Reversibility
Economics | Public Policy
Weidenbaum, Murray L., "The Defense Industrial Base for the 1990s", Occasional Paper 104, 1992, doi:10.7936/K74F1NX9.
Murray Weidenbaum Publications, https://openscholarship.wustl.edu/mlw_papers/120.