THE BUSINESS OF WAR: A STUDY ON THE THREAT PERCEPTION MECHANISM OF THE EUROPEAN MILITARY-INDUSTRIAL COMPLEX
Volume 6, Issue 3, Pp 30-44, 2024
DOI: 10.61784/ejst3012
Author(s)
Miao Wang1,2,*
Affiliation(s)
1Faculty of Humanities and Social Sciences, Harbin Institute of Technology, Harbin 150001, Heilongjiang, China.
2School of Management, Harbin Institute of Technology, Harbin 150001, Heilongjiang, China.
Corresponding Author
Miao Wang
ABSTRACT
European defense spending has risen significantly, particularly since the Russia-Ukraine conflict. This study investigates the role of the military-industrial complex in this trend. Using data from 2010-2022, it finds that the military-industrial complex influences threat perception and defense spending. It exaggerates external threats, creating a security agenda that benefits its own interests. Countries with greater military-industrial complex influence exhibit higher threat perception and increased defense spending. This "creating demand" logic differs from traditional arms procurement and highlights the military-industrial complex's agency in shaping the security agenda. Countries should be vigilant about the influence of military-industrial interest groups on defense policies to avoid over-allocation of defense resources due to manipulated threat perceptions.
KEYWORDS
Europe; Military-industrial complex; Threat perception; Defense spending
CITE THIS PAPER
Miao Wang. The business of war: a study on the threat perception mechanism of the European military-industrial complex. Eurasia Journal of Science and Technology. 2024, 6(3): 30-34. DOI: 10.61784/ejst3012.
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