Innovation and Liberalization in the European Defence Sector

Download or read book Innovation and Liberalization in the European Defence Sector written by Fulvio Castellacci and published by Edward Elgar Publishing. This book was released on 2015-12-18 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the ongoing liberalization of the European defence market and explores how companies can respond to these changes by adjusting their innovation and internationalization strategies. Traditionally, the EU defence sector has been fragmented into several weakly integrated and highly protected domestic markets which often leads to the duplication of innovative efforts, rising production costs and an overall lack of competitiveness. Using a variety of methods including case studies, econometric analyses and agent-based modelling, the authors reveal that liberalization will provide new and relevant opportunities for European defence companies. However, any potential benefits will only be realized if private firms perceive that a full and well-coordinated implementation process is in place.