The Effect of Foreign Military Sales on the U.S. Economy PDF Download

Author: James R. Capra
Publisher:
ISBN:
Category : Arms transfers
Languages : en
Pages : 36

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Author: James R. Capra
Publisher:
ISBN:
Category : Military assistance, American
Languages : en
Pages : 29

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Book Description
This study analyzes the macroeconomic effects on the U.S. economy of the sale of U.S. arms abroad. More specifically, it estimates the effect on domestic employment, the gross national product, price levels and other standard indices of a ban on foreign military sales. The study represents the second part of an analysis of economic and budgetary aspects of arms sales. The first part estimated the budgetary cost savings to the U.S. Department of Defense (DOD) which result from foreign military sales. The analysis reported in this paper was structured to compare projections of the U.S. economy under two alternative assumptions about the foreign military sales (FMS) program. One assumption is that of a foreign military sales program which is constant in real terms, remaining at the fiscal year 1976 level of $8.2 billion per year for fiscal year 1977 through fiscal year 1981. This means that $8.2 billion (in fiscal year 1976 dollars) in new orders would be accepted in each of these years. The program mix among weapons, services and construction is assumed to be roughly equivalent to the mix in fiscal year 1976. The second alternative assumption is that of a complete ban on new sales (orders) under the FMS program beginning with fiscal year 1977. Although new sales would be banned, all orders received prior to October 1, 1976, would be honored. The analysis in the paper focuses only on government-to-government foreign military sales; commercial sales, which were not a part of this analysis, represent a relatively small part of the total sales of U.S. arms abroad, approximately $0.6 billion in fiscal year 1976. There is no reason to expect that the economic effects of commercial sales are significantly different from those of government-to-government sales.

Author: EE. UU. Congress. Congressional Budget Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 27

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Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 49

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Author: William D. Bajusz
Publisher: Routledge
ISBN: 0429713207
Category : Political Science
Languages : en
Pages : 110

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This book addresses the U.S. economic impact of possible restrictions that might be placed on the sale of specific combat equipment to selected countries in the Middle East. It focuses on prospective demand for advanced equipment by Jordan and the member states of the Gulf Cooperation Council.

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Arms transfers
Languages : en
Pages : 58

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Author: Stephen A. Henry
Publisher:
ISBN:
Category :
Languages : en
Pages : 142

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This research effort was conducted to analyze the potential impact of several recent foreign military sales (FMS) policy changes on the Defense Industrial Base (DIB) and in turn the Department of Defense (DOD). Policy changes examined included the deletion of the one to four percent profit factor for FMS contracts from the weighted guidelines profit formula and President Carter's 16 May 1977 policy statement on conventional arms transfers. The analysis of the effects of FMS policy changes began by examining the effects of FMS on the US economy, US government, and the DIB. This portion of the research effort provided the background for the evaluation of the effects of the FMS policy changes. FMS has a significant effect on the US economy, government, and DIB. FMS directly affects the gross national product, balance of trade, unemployment rates, and several other economic indicators. The US government/DOD incur significant cost savings on foreign military sales from R/D recoupments, tax recoupment, shared overhead costs, learning curve effects, and reduced production line closings and openings. The DIB is strongly affected by the volume and value of foreign military sales. In fact, some sectors of the DIB are economically dependent of FMS. (Author).

Author: United States. Department of State. Office of Media Services
Publisher:
ISBN:
Category :
Languages : en
Pages : 8

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Author: Wayne M. Herbert
Publisher:
ISBN: 9781423556183
Category :
Languages : en
Pages : 103

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Book Description
The objective of this research is to investigate the impact that Foreign Military Sales (FMS) policy can have on the preservation of the Defense Industrial Base. A survey is utilized to gather information from five of the top ten defense contractors. This study concludes that FMS policy will continue to be shaped by U.S. foreign policy. The study identifies how the defense industry has been affected by recent drawdowns and it describes arms transfers as an instrument of foreign policy based on United States national security interests. Additionally, offset agreements are analyzed as a contributory factor to the globalization of the arms industry. The study also identifies strategies the Government and the defense industry should use to facilitate the preservation of the Defense Industrial Base. The study recommends the Government review, streamline and liberalize arms transfer procedures. The Government can maintain the Defense Industrial Base by actively and aggressively supporting industry in the arms transfer process.

Author: Hugh G. Mosley
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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