The Defense Ministry is considering drafting separate economic security legislation centered on the defense industry, which might lead to the business being separated from other sectors and shut out of global progress
FREMONT, CA: National security and economic security are two methods that heavily intersect — they are not two distinct subjects — with the defense industry at the center of the overlap. Despite this, the industry appears to be not interested in achieving economic stability. There are no defenses or military experts among the 18 members of the government's expert panel to discuss economic security legislation, who represent industry, bureaucracy, and academics.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
The Defense Ministry is considering drafting separate economic security legislation centered on the defense industry, according to the Sankei Shimbun newspaper, which might lead to the business being separated from other sectors and shut out of global progress. The most innovative technologies that will shape the future of national security and military affairs are dual-use technologies that can be used for both civilian and military purposes and the majority of them are researched and developed by private enterprises unattached to the defense industry.
It is critical for companies, officials, and academics to work together to fight China's civil-military fusion in its defense industry. To manage sensitive technologies, military experience is also required. Although the defense industry deals with highly classified subjects that does not necessitate that it should be handled differently than other industries. One must accept the fact that dividing military and nonmilitary concerns is becoming increasingly useless, and instead strive for economic security that develops, sustains, and leverages national security-related production and technology foundations.
Check Out This : Electric Vehicles
Many professionals in the defense industry have long felt helpless in the face of Japan's deteriorating defense industry. Increased demand for higher-performance defense equipment resulted in higher purchase prices and maintenance costs, as well as a decrease in procurement volume. The defense budget has not been increased enough to offset the escalating costs of research and development, and it is becoming more difficult to preserve and pass on skills as some corporations exit the defense business. In April 2014, in the face of such challenges, the government enacted the three principles on defense equipment and technology transfers, loosening the country's long-standing arms export prohibition. The Defense Ministry and the Acquisition, Technology, and Logistics Agency are working together to implement these new principles.
See Also : Defense Manufacturing Companies

