Giri Rajendran on economics in The Military Balance 2015
My name is Geri Rajendam, I am responsible for the Defence Economics
content of the Military Balance. The Military Balance is one of the few
publications that provides a ready reference of raw data on global defence
economics, and global defence spending levels around the world.
In addition to raw data we also provide comprehensive text analysis of
defence economics of a particular country or of a region, both from a demand
and a supply side perspective. For example we analyse global developments
in macro economics and finance, to assess the implications and impact that
these have on a country’s fiscal position and by extension its ability to allocate
resources towards defence.
On the supply side of things we look at defense industrial developments in
selected major defence markets around the world as well. Then on the
interaction of demand and supply we look at developments in the global arms
trade, as well as trends in military procurement for the major markets also.
In each edition, on top of this, we also look at specific issues that might arise
over the course of the year, so for example in the 2013 edition we analyse the
role that defence spending played in the rise in US Daredevils over the last
decade or so. In the 2014 book we looked at the composition of European
Military Outlets, what was the proportion spend on personnel versus
equipment and in the current edition we looked at how developments in all
markets and all prices as well as subsidy reform in the Middle East has been
affecting outlets in that part of the world.
All of this occurs using a variety of text and graphical content, with the aim of
simplifying complex information, drawing up trends and making these
accessible to the reader.
I think it is this data driven synthesis of both informational and conception
density brought together in a single place that provides the great value add of
the defence economics content of the military balance.
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