PREDICTIVE ANALYSIS OF ROMANIAN EXPORTS OF WEAPONS
Autor (i): Lucian, Ivan
JEL: F17, F21
Cuvinte cheie: weapons, technology, research, exports, cooperation
Abstract:
Before the year 1989, Romania was in the top 10 global arms exporters, with an annual volume of approximately 800 million USD. Currently, the volume of arms exports is about 200 million USD, about 25% of what is exported before 1990, but this area can be recovered, given Romania's quality of NATO and EU membership. While exports are on a slightly ascending trend, the Romanian defence industry fails to provide modern military equipment on the world market, the main cause is the low technological level of the industry. However, the Romanian defence industry can recover in the light of certain objective factors, namely: the geostrategic position on the Black Sea, the status of NATO and the EU and strategic partnerships with strong states (Strategic partnership with the US). Also, the development of EU-level financial instruments aimed at modernising the European defence industry can be a strategic advantage for companies within the indigenous defence industry. A major advantage is the partnerships that will be concluded with large companies in the Euro-Atlantic area, which will allow the transfer of know-how for the local defence industry.
Before the year 1989, Romania was in the top 10 global arms exporters, with an annual volume of approximately 800 million USD. Currently, the volume of arms exports is about 200 million USD, about 25% of what is exported before 1990, but this area can be recovered, given Romania's quality of NATO and EU membership. While exports are on a slightly ascending trend, the Romanian defence industry fails to provide modern military equipment on the world market, the main cause is the low technological level of the industry. However, the Romanian defence industry can recover in the light of certain objective factors, namely: the geostrategic position on the Black Sea, the status of NATO and the EU and strategic partnerships with strong states (Strategic partnership with the US). Also, the development of EU-level financial instruments aimed at modernising the European defence industry can be a strategic advantage for companies within the indigenous defence industry. A major advantage is the partnerships that will be concluded with large companies in the Euro-Atlantic area, which will allow the transfer of know-how for the local defence industry.
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