THE DEVELOPMENT OF THE ROMANIAN DEFENSE INDUSTRY FOLLOWING THE WALES SUMMIT- CASE STUDY- IAR BRASOV
THE DEVELOPMENT OF THE ROMANIAN DEFENSE INDUSTRY FOLLOWING THE WALES SUMMIT- CASE STUDY- IAR BRASOV
Author(s): Vlad DumitracheSubject(s): Economy, National Economy
Published by: Regional Department of Defense Resources Management Studies
Keywords: economic growth; defense industry; military capabilities; economic impact;
Summary/Abstract: The Wales Summit has meant a leap forward for Defense Budgets in Member States. In accordance to decisions taken during the Summit member countries will allocate two percent from their GDP in order to increase Defense Expenditures in military aquisitions, building capabilities, being part of different military exercises with fellow NATO member states. These decisions mean a possible development of the defense industry of member states. It is the purpose of this paper to follow an example of the Romanian Defense Industry, namely IAR Brasov who has been developing military helicopters for almost 100 years. It is the aim of this paper to analyse how Romania s membership in NATO has impacted the economic evolution of IAR.
Journal: Defense Resources Management in the 21st Century
- Issue Year: 12/2017
- Issue No: 12
- Page Range: 192-196
- Page Count: 5
- Language: English