Policy Issues in Aerospace Offsets Report of a Workshop (1997) / Chapter Skim
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ISSUES PAPER
ISSUES PAPER
Pages 41-43
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From page 41... ...
The 1996 National Export Strategy described offsets as compensation packages resulting from contract negotiations for large purchases, such as aircraft. Offsets include a broad range of activities such as mandatory coproduction, licensed production, subcontractor production, technology transfer, countertrade, and foreign investment.
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From page 42... ...
However, in many parts of the world, national security is seen as synonymous over time with industrial strength and national technological capability. Consequently, these broader economic goals are pursued with the sustained national commitment and breadth of policy mechanisms usually reserved in the United States for national defense.3 IV.
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From page 43... ...
The U.S. is alone in being able to sustain a viable, broad-based defense industry solely on the strength of its large domestic market; other countries with advanced arms industries must export substantial volumes of defense goods into a shrinking global market just to keep their industrial base economically sustainable.
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