Thomas-Durell Young is Senior Academic Advisor at President's Office at the Defense Security Cooperation University, Washington, DC, USA. He is the Editor-in-Chief of Defense & Security Analysis. His latest book is Anatomy of Post-Communist European Defense Institutions: The Mirage of Military Modernity (2017).

Introduction-The economics of defense industry: contemporary prospects and challenges Part 1: Historical perspectives 1. Defence procurement in perspective: what the history of the aircraft industry can tell us about UK defence procurement 2. Why the Turkish defense industry between 1919 and 1950 failed? 3. The Czech defence and security industry: taking the pulse to an ailing man 4. Defence industry in Iran - between needs and real capabilities 5. The decline of South Africa's defence industry 6. The Greek defence industry: from crisis to equilibrium 7. Addressing the "headwinds" faced by the European arms industry Part 2: Defence industrial policies and practices 8. Success and failures of the Gripen offsets in the Visegrad Group countries 9. Clustering in defence-related procurement: the case of a Belgian naval construction cluster 10. Make or buy? Explaining diverging frigate procurement approaches in Denmark and Norway 11. The challenges in buyer-supplier relationship for technological absorption capability in international defence acquisition: the case of Southeast Asia Conclusion: Economics of Defense Industry