Offset as an Economic Operation and a Trade Practice
IJASOS- International E-Journal of Advances in Social Sciences, Vol. III, Issue 9, December 2017
5 Pages Posted: 13 Mar 2018
Date Written: December 25, 2017
Abstract
Offset agreements are widespread in sales of defense products. There is a steady tendency to increase their share as a percentage of world trade. Developed countries with well-established Defence Technological and Industrial Bases, use offset transactions to target activities to business organizations and countries with emerging economies use offset to gain military and commercial benefits. The following paper examines the offset as an economic operation which represents a wide range of industrial and trade practices.
Keywords: offset, defence, transaction, trade
JEL Classification: L00, M20
Suggested Citation: Suggested Citation