Technology Offsets in International Defence Procurement (Routledge Studies in Innovation, Organizations and Technology)

Technology Offsets in International Defence Procurement (Routledge Studies in Innovation, Organizations and Technology)

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Technology offsets, a nonconventional international trade-financing tool, is used by governments (buyers) to obtain industrial and technological benefits from companies (sellers) as part of international procurement. Offsets deals involve billions of dollars and this practise exists in around 80 countries around the world. Though offsets is a popular practise in defence, it is increasing gaining popularity in civil sectors. Offsets is often tainted by controversy and receives bad press. What then makes offsets popular? Governments claim that offsets deliver technology and knowledge transfer, skills in high-technology sectors, employment and expands export opportunities through participation in OEM supply-chain. For companies, offsets is mainly employed as a tool to obtain competitive edge and win sales in international business. In the past, there has been mixed results of case studies on the impact of offset both success and failure.Considering the mismanagement of globalisation, unfair trade agreements and the current political and economic discontent, there is a stronger need for governments and companies to use vehicles such as offsets to create a relationship of trust and commitment for sustainable development. This book fills the gap in offsets and focusses on how to manage offsets more effectively by addressing issues of strategy, policy and implementation, technology management, governance and risk in offsets. Technology Offsets in International Defence Procurement is designed for those studying international procurement, international trade, international business, defence policy industrial policy. This book will also be of interest to practitioners and policy makers in both government and industry.