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Buy European and bye American? : why the EU is strengthening its defense industry and how it might affect US defense manufacturers
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Florence : European University Institute, 2024
EUI; STG; Master Thesis
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LEE, Nevada Joan, Buy European and bye American? : why the EU is strengthening its defense industry and how it might affect US defense manufacturers, Florence : European University Institute, 2024, EUI, STG, Master Thesis - https://hdl.handle.net/1814/77147
Abstract
This thesis explores the rapidly changing European security landscape following the Trump administration and the Russian invasion of Ukraine. It explores the implications for U.S. market share and the transatlantic relationship in light of recent initiatives passed by the European Commission that aim to bolster the European defense industry. I argue that these defense industry initiatives, driven by external pressures and the pursuit of strategic autonomy, will likely lead to a decrease in U.S. defense firms' market share in the short term but are unlikely to be primary factors in weakening the transatlantic relationship. I use a mixed-methods approach, providing a comprehensive qualitative analysis of recent EU defense initiatives, challenges facing EU defense integration, and U.S. responses to past and current European defense initiatives. My qualitative analysis is complemented by basic timeseries models that analyze previous European defense spending and predict future defensespending trends. I use descriptive statistics to assess historic trends and estimate the potential economic impact of these recent initiatives.
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Award date: 14 June 2024
Supervisor: Prof. Fabrizio Tassinari (European University Institute)
Supervisor: Prof. Fabrizio Tassinari (European University Institute)