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Some Economic Aspects of the Weapons Systems Acquisition Process
Defence is and will in the foreseeable future continue to be a large consumer of Australia's resources. Efficiency in defence procurement, and notably in major weapons acquisition programs, make is crucial to ensuring both the effectiveness of Australia's defence and that the community gets value for money from defence outlays. How Australia should manage the weapons systems acquisition process is therefore examined in a paper by Henry Ergas. Henry's paper, "Some Economic Aspects of the Weapons Systems Acquisition Process", was presented at a Commonwealth Treasury seminar in Canberra and reviews what light economics can cast on the weapons systems acquisition process... more. (pdf, size 410kb)