No 11 (2023)

This study is devoted to the study of the state of the military-industrial complex under the influence of the Ukrainian conflict, problems and prospects of development. The work is relevant due to the escalation of the conflict in Ukraine and the use of American weapons by the Armed Forces of Ukraine against Russian units during a special military operation. The article investigates such issues of the military-industrial complex as the gap between the civilian and military industries of the United States, the dependence of the American defense industry on foreign manufacturers and developers, the lack of complete chains of weapons creation and the unsuitability of American models for high-intensity conflict. The study particularly considers the relationship between civil and military production and the importance of a developed industry for the military-industrial complex. The paper focuses on the ideology of the creation and production of products of the American defense industry and their inconsistency with the conditions of a high-intensity conflict. The work emphasizes the need for serious financial injections and socio-economic reforms in any possible scenario for the development of the US military-industrial complex.

The defense industry of Türkiye has been on the rise for the last 20 years. It can provide a wide range of products that meet the needs not only of the second largest army in the North Atlantic Treaty Organization, but also its allies all over the world. In this regard, the development of this sphere both contributes to the diplomatic efforts undertaken by the Republic of Türkiye and has important ideological value for the ruling Justice and Development Party. The article examines domestic and foreign policy drivers that influence the development of the national industry.

The paper raises a question of weapon transfer to Myanmar over the past 2 years. In such dynamic process India was one of the key weapon suppliers to Myanmar military junta. The article describes the political reasons of Indian cooperation with military government of Myanmar in the field of arms transfer. The potential risks of such cooperation are also indicated. The paper highlights the statistical information related to weapons transfer from India to Myanmar.

The Republic of Korea aims to become one of the key players in the global arms market by 2027. The military conflict in Ukraine allowed South Korea not only to increase the supply of military products to NATO countries, but also win additional market share in the East Asian, taking advantage of the decline in Russian military exports. At the same time, South Korea is actively signing contracts for the supply of military equipment with the countries of the Middle East. The growth in exports of South Korean military-industrial products is due to the fact that currently the ROK’s weapons have a number of competitive advantages for buyers in Europe and the Asia-Pacific region. First of all, South Korean weapons are compatible with American systems. However, the cost of equipment from the Republic of Korea is sometimes several times lower than military-industrial complex products from the United States or Eurozone countries. However, despite the bright plans in the medium term, the Republic of Korea may face several challenges including inevitable competition with defense industry leaders such as the USA, Russia, Germany, France and the potential worsening of relations with China due to the active increase in arms supplies to India and Vietnam, that could limit the rapid growth of exports of the South Korean military-industrial complex.

The article reveals the contradictory impact of financialization on modern economic growth. The approaches of foreign and Russian researchers to the content of the phenomenon of financialization and the consequences of its spread for the economic growth of the national economy are systematized. The positive impact of moderate financialization (stimulating investment, including in knowledge-intensive sectors) and the negative consequences of high financialization for economic growth are highlighted. Econometric models have been constructed that assess the impact of financialization on the dynamics of real GDP in the United States and Russia. The conclusion about the negative relationship between financialization and economic growth in these countries is confirmed. It is noted that in Russia the impact of financialization on economic growth rates is more pronounced, although the indicators of financialization (the share of the financial sector in GDP) are lower than in the United States.