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European Defence Economy Afflicted by the Crisis

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European Defence Economy Afflicted by the Crisis
Accroche

The European defence sector generates €86 billion annually - and that is only taking into account the 2009 turnover of the European defence industry for the three areas - aeronautics, land forces and naval forces.

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It is also a sector that creates some 400,000 direct jobs to which must be added 1.8 million jobs in the armed forces. Direct jobs in the defence industry and armed forces in Europe therefore amount to around 2.2 million. Exports to third countries account annually for around €40 billion, and defence activity represents approximately €240 billion annually at Union level, which feeds the economy through sub-contracting, operating expenditure and household spending in employment basins. To be complete, one must add the indirect impact on the economy of a vast range of intervention activity (security, rescue, disaster relief, etc.) and the effect of external operations, whether these are conducted on a national basis, as part of the Union framework, or within NATO, the United Nations or a coalition.

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978-2-86592-793-7

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European Defence Economy Afflicted by the Crisis

Decoration
Author(s)
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digital globe
Geoeconomics and Geofinance Initiative
Accroche centre

Economic questions are approached from a political economy perspective: the evolution of the global economic system, governance and institutions, dynamics and trends of various economic zones (United States, Russia, China, emerging markets...). European issues are at the core of our research. 

Critical Raw Materials, Economic Statecraft and Europe's Dependence on China

Date de publication
01 October 2024
Accroche

As China tightens export controls on critical minerals, it is important to put Beijing's policies in perspective and analyse how Europe can respond.  

Strengthening US-EU Cooperation on Technical Standards in an Era of Strategic Competition

Date de publication
26 May 2023
Accroche

Transatlantic ties have had a rough go in recent months. After an unprecedented degree of alignment on Russia in the first half of 2022, including the quick and efficient rollout of a series of groundbreaking sanctions packages, the United States and Europe stepped back into dispute territory with the fallout from measures taken by Washington, notably some key provisions of the pathbreaking Inflation Reduction Act (IRA) passed last summer.

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iaip2419.jpg

European Union–Republic of Korea Cooperation on Economic Security: Opportunities, Limits and Challenges

Date de publication
17 June 2024
Accroche

This piece is a revised version of a paper presented at the conference on “New Convergences in EU-ROK Economic Security Relations”, organised in Rome on 30 January 2024 by the Istituto Affari Internazionali (IAI).

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France Adapts to an Era of Strategic Competition With China

Date de publication
05 June 2024
Accroche
Under Macron, France is positioning itself as a "balanced power," carefully navigating the complexities of engaging with China. 
 

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European Defence Economy Afflicted by the Crisis

European Defence Economy Afflicted by the Crisis