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Default Nudges: From People's Experiences to Policymaking Implications
by Patrik Michaelsen Cass R. SunsteinAll over the world, private and public institutions have been attracted to “nudges,” understood as interventions that preserve freedom of choice, but that steer people in particular directions. The most effective nudges are often “defaults,” which establish what happens if people do nothing. For example, automatic enrollment in savings plans is a default nudge, as is automatic enrollment in green energy. Default rules are in widespread use, but we have very little information about how people experience them, whether they see themselves as manipulated by them, and whether they approve of them in practice. In this book, Patrik Michaelsen and Cass R. Sunstein offer a wealth of new evidence about people’s experiences and perceptions with respect to default rules. They argue that this evidence can help us to answer important questions about the effectiveness and ethics of nudging. The evidence offers a generally positive picture of how default nudges are perceived and experienced. The central conclusion is simple: empirical findings strongly support the conclusion that, taken as such, default nudges are both ethical and effective. These findings, and the accompanying discussion, have significant implications for policymakers in many nations, and also for the private sector.
Default Risk in Bond and Credit Derivatives Markets (Lecture Notes in Economics and Mathematical Systems #543)
by Christoph BenkertDue to the scarcity of reliable data, the existing literature on default risk still displays an imbalance between theoretical and empirical contributions. Consequently, the focus of this book is on empirical work. Within an intensity based modelling framework a broad range of promising specifications is tested using corporate bond data. The book provides one of the most comprehensive empirical studies in the field, from Kalman filtration of affine term structure models to the use of Efficient Method of Moments estimation of dynamic term structure models in a default risky context. Filling another gap in empirical research, the book devotes special attention to the identification factors that can explain credit default swap premia.
Defcon 1 Direct Selling: Manual for Field Leaders
by Randy GageThe leading authority on network marketing shares everything you need to know to lead a successful direct sales team. Defcon 1 Direct Selling is the must-have playbook for anyone leading a direct sales team. It’s Gage’s follow up to the international bestseller, Direct Selling Success, and it’s a handbook for leaders. DEFCON is the U.S. military acronym for “Defense Readiness Condition.” DEFCON 1 is reserved only for imminent catastrophic events, like a nuclear war. Luckily, you don’t have to fend off missile attacks in direct selling, but you will face some extremely difficult challenges and urgent crises leading your MLM team. No one knows how to lead teams better than author Randy Gage, a former high school dropout who rose to become a self-made multi-millionaire and inspire millions around the world. In this highly anticipated book, Randy teaches you how to hold your team together in the mostdifficult circumstances —the stuff no one likes to talk about, but that is vital for top-level leaders. It takes much more than a positive attitude and motivational words to be a successful field leader. True leadership requires you to deal with messy, complicated scenarios when there is not always a clear-cut solution. Many of these challenges are caused by factors completely out of your control—from economic, regulatory, and political setbacks, to having top leaders quit, to companies going out of business, and a host of other issues. It’s at times like these, when it seems like your team is falling apart, that you must draw upon your resilience, persistence, and character to ride out the storm and lead your team through the chaos. This indispensable resource will enable you to: Create a team culture of maximum readiness Deal with toxic leaders and effectively handle conflict resolution Use your leadership to make your team more powerful and build their self-esteem Handle corporate incompetence, poor decisions, and PR crises Know what to do when you or a team leader leave a company Most leadership books will tell you, wrongly, that every situation has an ideal solution. Not this one. Defcon 1 Direct Selling: Manual for Field Leaders delivers the plain, unadulterated truth that everyone leading a direct sales team needs to know.
Defcon 1 Direct Selling: Manual for Field Leaders
by Randy GageThe leading authority on network marketing shares everything you need to know to lead a successful direct sales team. Defcon 1 Direct Selling is the must-have playbook for anyone leading a direct sales team. It’s Gage’s follow up to the international bestseller, Direct Selling Success, and it’s a handbook for leaders. DEFCON is the U.S. military acronym for “Defense Readiness Condition.” DEFCON 1 is reserved only for imminent catastrophic events, like a nuclear war. Luckily, you don’t have to fend off missile attacks in direct selling, but you will face some extremely difficult challenges and urgent crises leading your MLM team. No one knows how to lead teams better than author Randy Gage, a former high school dropout who rose to become a self-made multi-millionaire and inspire millions around the world. In this highly anticipated book, Randy teaches you how to hold your team together in the mostdifficult circumstances —the stuff no one likes to talk about, but that is vital for top-level leaders. It takes much more than a positive attitude and motivational words to be a successful field leader. True leadership requires you to deal with messy, complicated scenarios when there is not always a clear-cut solution. Many of these challenges are caused by factors completely out of your control—from economic, regulatory, and political setbacks, to having top leaders quit, to companies going out of business, and a host of other issues. It’s at times like these, when it seems like your team is falling apart, that you must draw upon your resilience, persistence, and character to ride out the storm and lead your team through the chaos. This indispensable resource will enable you to: Create a team culture of maximum readiness Deal with toxic leaders and effectively handle conflict resolution Use your leadership to make your team more powerful and build their self-esteem Handle corporate incompetence, poor decisions, and PR crises Know what to do when you or a team leader leave a company Most leadership books will tell you, wrongly, that every situation has an ideal solution. Not this one. Defcon 1 Direct Selling: Manual for Field Leaders delivers the plain, unadulterated truth that everyone leading a direct sales team needs to know.
A Defeasible Logic Programming-Based Framework to Support Argumentation in Semantic Web Applications (Springer Theses)
by Naeem Khalid JanjuaThis book reports on the development and validation of a generic defeasible logic programming framework for carrying out argumentative reasoning in Semantic Web applications (GF@SWA). The proposed methodology is unique in providing a solution for representing incomplete and/or contradictory information coming from different sources, and reasoning with it. GF@SWA is able to represent this type of information, perform argumentation-driven hybrid reasoning to resolve conflicts, and generate graphical representations of the integrated information, thus assisting decision makers in decision making processes. GF@SWA represents the first argumentative reasoning engine for carrying out automated reasoning in the Semantic Web context and is expected to have a significant impact on future business applications. The book provides the readers with a detailed and clear exposition of different argumentation-based reasoning techniques, and of their importance and use in Semantic Web applications. It addresses both academics and professionals, and will be of primary interest to researchers, students and practitioners in the area of Web-based intelligent decision support systems and their application in various domains.
Defect Prevention: Use of Simple Statistical Tools
by 0 Kane,This book discusses statistical process control (SPC) concepts, emphasizing the need to establish stability of work processes. It gives the elements required to develop a defect prevention system (DPS), and integrates the application of process control and problem analysis tools.
Defect Prevention: Use of Simple Statistical Tools
by 0 Kane,This book discusses statistical process control (SPC) concepts, emphasizing the need to establish stability of work processes. It gives the elements required to develop a defect prevention system (DPS), and integrates the application of process control and problem analysis tools.
Defective Bosses: Working for the ”Dysfunctional Dozen”
by William Winston Kerry D Carson Paula P CarsonIf you're one of the billions of people in the world who work for someone else, you'll definitely want to see what's inside Defective Bosses: Working for the “Dysfunctional Dozen.” This how-to, how-not-to, why, and why-not tour guide is packed to the hilt with a bevy of tested and proven survival skills and coping techniques for those of you who are trapped in that daily labyrinth of mind games and self-defeating work rituals--and all because of that slightly off-center superior you have to answer to every day. You'll find twelve of the most common defects presented to you in clear and understandable terms so you can detect the defect, protect state of mind, and correct the problem before your life at the office becomes a complete wreck.Firmly grounded in psychiatric literature, Defective Bosses takes you to levels of workplace happiness that other similar publications fail to reach. In contrast to other books that lack a solid theoretical base, this comprehensive, systematic look at dysfunctional bosses takes an in-depth look at twelve of the most prevalent disorders managers and superiors inflict on their employees in the workplace, giving equal treatment to each category and providing you with equal strategies for each situation you might encounter. These and other areas will help you turn your dead-end job into a dream occupation:an overview of why we have defective bossesdealing with self-centered bosses (narcissistic, sociopathic, paranoid, and histrionic)handling controlling bosses (authoritarian, obsessive-compulsive, explosive, and passive-aggressive)living with neurotic bosses (masochistic, dependent, depressive, anxious)end-of-the-chapter quizzes to help you diagnose your own boss “I need it yesterday!” “Can you handle this for me? I've got the company lunch.” “If you don't get this in, it's your job!” If these are all-too-common phrases in your workplace, then you need to make a memo to yourself to order Defective Bosses. Its thorough psychological base and examples gleaned from real-life scenarios will give you so much guidance, advice, and direction for positive change, you'll find that you're the boss when it comes to good departmental relationships and a more mutually enjoyable work environment.
Defective Bosses: Working for the ”Dysfunctional Dozen”
by William Winston Kerry D Carson Paula P CarsonIf you're one of the billions of people in the world who work for someone else, you'll definitely want to see what's inside Defective Bosses: Working for the “Dysfunctional Dozen.” This how-to, how-not-to, why, and why-not tour guide is packed to the hilt with a bevy of tested and proven survival skills and coping techniques for those of you who are trapped in that daily labyrinth of mind games and self-defeating work rituals--and all because of that slightly off-center superior you have to answer to every day. You'll find twelve of the most common defects presented to you in clear and understandable terms so you can detect the defect, protect state of mind, and correct the problem before your life at the office becomes a complete wreck.Firmly grounded in psychiatric literature, Defective Bosses takes you to levels of workplace happiness that other similar publications fail to reach. In contrast to other books that lack a solid theoretical base, this comprehensive, systematic look at dysfunctional bosses takes an in-depth look at twelve of the most prevalent disorders managers and superiors inflict on their employees in the workplace, giving equal treatment to each category and providing you with equal strategies for each situation you might encounter. These and other areas will help you turn your dead-end job into a dream occupation:an overview of why we have defective bossesdealing with self-centered bosses (narcissistic, sociopathic, paranoid, and histrionic)handling controlling bosses (authoritarian, obsessive-compulsive, explosive, and passive-aggressive)living with neurotic bosses (masochistic, dependent, depressive, anxious)end-of-the-chapter quizzes to help you diagnose your own boss “I need it yesterday!” “Can you handle this for me? I've got the company lunch.” “If you don't get this in, it's your job!” If these are all-too-common phrases in your workplace, then you need to make a memo to yourself to order Defective Bosses. Its thorough psychological base and examples gleaned from real-life scenarios will give you so much guidance, advice, and direction for positive change, you'll find that you're the boss when it comes to good departmental relationships and a more mutually enjoyable work environment.
Defence Logistics: Enabling and Sustaining Successful Military Operations
by Jeremy SmithThe management of logistics and supply chain operations is of vital importance in the defence sector. Defence Logistics looks at established theories and their practical utility, providing insights into current thinking for postgraduate students and professionals through real-life case studies. Defence Logistics focuses on key areas of logistics and supply chain management in context, such as sustainability, inventory management, resilience, procurement, information systems and crisis response. This new edited collection includes contributions from international academics from a selection of universities, academies and defence schools, along with practitioners who are currently working in the field of defence logistics.
Defence Logistics: Enabling and Sustaining Successful Military Operations
by Jeremy SmithThe management of logistics and supply chain operations is of vital importance in the defence sector. Defence Logistics looks at established theories and their practical utility, providing insights into current thinking for postgraduate students and professionals through real-life case studies. Defence Logistics focuses on key areas of logistics and supply chain management in context, such as sustainability, inventory management, resilience, procurement, information systems and crisis response. This new edited collection includes contributions from international academics from a selection of universities, academies and defence schools, along with practitioners who are currently working in the field of defence logistics.
Defence Offsets and the Global Arms Trade: Explaining Cross-National Variations (Routledge Advances in Defence Studies)
by Jonata AnicettiThis book offers the first comprehensive study of defence offsets and its economic, security, political and theoretical implications.Originating in the second half of the 19th century, defence offsets - additional economic, industrial and technological benefits to states for buying foreign weapons - have since been a key feature of the global arms trade and defence industry. And yet, offsets are an under-researched and under-theorised phenomenon. This book fills this gap in the literature by offering the first general theory of defence offsets, as well as the first systematic analysis of the offset phenomenon. By building on the insights of scholars of defence economics and drawing from the International Relations liberal paradigm, as well as reviving and adapting Robert Putnam’s two-level game framework, the book proposes a liberal-rationalist theory of defence offsets. It then proves the worth of such a theory through Qualitative Comparative Analysis (QCA) of fifty-four fighter aircraft transfers from 1992 to 2021 inclusive, and three in-depth case studies addressing offsets negotiated and agreed to as part of fighter aircraft competitions in Brazil, India, and South Korea.This book will be of interest to students of defence studies, defence economics, security studies and international relations.
Defence Offsets and the Global Arms Trade: Explaining Cross-National Variations (Routledge Advances in Defence Studies)
by Jonata AnicettiThis book offers the first comprehensive study of defence offsets and its economic, security, political and theoretical implications.Originating in the second half of the 19th century, defence offsets - additional economic, industrial and technological benefits to states for buying foreign weapons - have since been a key feature of the global arms trade and defence industry. And yet, offsets are an under-researched and under-theorised phenomenon. This book fills this gap in the literature by offering the first general theory of defence offsets, as well as the first systematic analysis of the offset phenomenon. By building on the insights of scholars of defence economics and drawing from the International Relations liberal paradigm, as well as reviving and adapting Robert Putnam’s two-level game framework, the book proposes a liberal-rationalist theory of defence offsets. It then proves the worth of such a theory through Qualitative Comparative Analysis (QCA) of fifty-four fighter aircraft transfers from 1992 to 2021 inclusive, and three in-depth case studies addressing offsets negotiated and agreed to as part of fighter aircraft competitions in Brazil, India, and South Korea.This book will be of interest to students of defence studies, defence economics, security studies and international relations.
The Defenders of Liberty: Human Nature, Individualism, and Property Rights
by Neema ParviniThe Defenders of Liberty presents a history of economic liberalism from the Renaissance to the present. It chronicles the tradition of thought that sees human nature as social yet self-interested, methodological individualism as its key analytical tool, and property rights as foundational to a civilised society. In the development of this way of thinking, it considers the contributions of many key thinkers including Niccolò Machiavelli, Thomas Hobbes, John Locke, Richard Cantillon, A.J.R. Turgot, David Hume, Adam Smith, Nassau William Senior, Richard Cobden, Herbert Spencer, Jean-Baptiste Say, Carl Menger, William Stanley Jevons, Gaetano Mosca, Eugen Böhm-Bawerk, Vilfredo Pareto, Phillip Wicksteed, Edwin Cannan, Ludwig von Mises, Lionel Robbins, F.A. Hayek, W.H. Hutt, Milton Friedman, George Stigler, Murray N. Rothbard, James M. Buchanan, and Thomas Sowell. The book contends that liberalism needs to be grounded in realism, and that it has been derailed whenever economists have deviated from an explicitly realist understanding of human nature, individualism and property rights. It argues that the cause of liberalism was compromised by errors in economic reasoning by such major figures as David Ricardo, John Stuart Mill, Alfred Marshall, A.C. Pigou, and John Maynard Keynes. In diagnosing what has gone wrong for liberalism in the twenty-first century, The Defenders of Liberty argues against substituting mathematical abstraction for causal realism; it opposes interventionist central banking; it seeks to recover economic liberalism from social and political liberalism, which are somewhat unrelated schools of thought; it resists a view of human nature rooted in selfishness or atomised individualism; and finally alerts defenders of freedom to the ruthless but effective language games played by their opponents. This book will be of interest to the educated general reader as well as undergraduates and postgraduates in disciplines such as economics, political theory and philosophy.
Defending Beef: The Case for Sustainable Meat Production
by Nicolette Hahn NimanFor decades it has been nearly universal dogma among environmentalists and health advocates that cattle and beef are public enemy number one. But is the matter really so clear cut? Hardly, argues environmental lawyer turned rancher Nicolette Hahn Niman in her new book, Defending Beef. The public has long been led to believe that livestock, especially cattle, erode soils, pollute air and water, damage riparian areas, and decimate wildlife populations. In Defending Beef, Hahn Niman argues that cattle are not inherently bad for either the Earth or our own nutritional health. In fact, properly managed livestock play an essential role in maintaining grassland ecosystems by functioning as surrogates for herds of wild ruminants that once covered the globe. Hahn Niman argues that dispersed, grass-fed, small-scale farms can and should become the basis for American food production, replacing the factory farms that harm animals and the environment. The author—a longtime vegetarian—goes on to dispel popular myths about how eating beef is bad for our bodies. She methodically evaluates health claims made against beef, demonstrating that such claims have proven false. She shows how foods from cattle—milk and meat, particularly when raised entirely on grass—are healthful, extremely nutritious, and an irreplaceable part of the world’s food system. Grounded in empirical scientific data and with living examples from around the world, Defending Beef builds a comprehensive argument that cattle can help to build carbon-sequestering soils to mitigate climate change, enhance biodiversity, help prevent desertification, and provide invaluable nutrition. Defending Beef is simultaneously a book about big ideas and the author’s own personal tale—she starts out as a skeptical vegetarian and eventually becomes an enthusiastic participant in environmentally sustainable ranching. While no single book can definitively answer the thorny question of how to feed the Earth’s growing population, Defending Beef makes the case that, whatever the world’s future food system looks like, cattle and beef can and must be part of the solution.
Defending the Digital Frontier: A Security Agenda
by Ernst & Young LLP Mark W. Doll Sajay Rai Jose Granado"The charge of securing corporate America falls upon its business leaders. This book, offered by Ernst & Young and written by Mark Doll, Sajay Rai, and Jose Granado, is not only timely, but comprehensive in outlook and broad in scope. It addresses many of the critical security issues facing corporate America today and should be read by responsible senior management." --Former Mayor of New York, Rudolph W. Giuliani "To achieve the highest possible level of digital security, every member of an organization's management must realize that digital security is 'baked in,' not 'painted on.'" --from Defending the Digital Frontier: A Security Agenda Like it or not, every company finds itself a pioneer in the digital frontier. And like all frontiers, this one involves exploration, potentially high returns . . . and high risks. Consider this: According to Computer Economics, the worldwide economic impact of such recent attacks as Nimda, Code Red(s), and Sircam worms totaled $4.4 billion. The "Love Bug" virus in 2000 inflicted an estimated $8.75 billion in damage worldwide. The combined impact of the Melissa and Explorer attacks was $2.12 billion. Companies were hurt as much in terms of image and public confidence as they were financially. Protecting the "digital frontier" is perhaps the greatest challenge facing business organizations in this millennium. It is no longer a function of IT technologists; it is a risk management operation requiring sponsorship by management at the highest levels. Written by leading experts at Ernst & Young, Defending the Digital Frontier: A Security Agenda deconstructs digital security for executive management and outlines a clear plan for creating world-class digital security to protect your organization's assets and people. Achieving and defending security at the Digital Frontier requires more than just informed decision-making at the top level. It requires a willingness to change your organization's mindset regarding security. Step by step, Defending the Digital Frontier shows you how to accomplish that. With detailed examples and real-world scenarios, the authors explain how to build-in the six characteristics that a world-class digital security system must possess. You must make your system: * Aligned with the organization's overall objectives. * Enterprise-wide, taking a holistic view of security needs for the entire, extended organization. * Continuous, maintaining constant, real-time monitoring and updating of policies, procedures, and processes. * Proactive to effectively anticipate potential threats. * Validated to confirm that appropriate risk management and mitigation measures are in place. * Formal, so that policies, standards, and guidelines are communicated to every member of the organization. An intrusion is bound to occur to even the most strongly defended systems. Will your organization be prepared to react, or lapse into chaos? Defending the Digital Frontier introduces the Restrict, Run, and Recover(r) model that guides organizations in formulating and implementing a clear, enterprise-wide, Agenda for Action to anticipate, detect, and react effectively to intrusions. You will learn how to roll out an effective Security Awareness and Training Program, establish Incident Response procedures, and set in place Digital Security Teams to control damage and manage risk in even worst-case scenarios. The digital threat knows no borders and honors no limits. But for the prepared organization, tremendous rewards await out on the digital frontier. By strengthening collective digital security knowledge from the top down and developing a rock-solid, comprehensive, on-going security agenda, every organization can build a secure future. Defending the Digital Frontier will get you there.
Defending the National Interest: Raw Materials Investments and U.S. Foreign Policy (PDF)
by Stephen D. KrasnerStephen Krasner's assumption of a distinction between state and society is the root of his argument for the superiority of a statist interpretation of American foreign policy. Here he challenges the two dominant and rival interpretations of the relationship between state and society: interest group liberalism and Marxism. He contends that the state is an autonomous entity acting on behalf of the national interest, and that state behavior cannot be explained by group or class interest. On the basis of fifteen case studies drawn from extensive public records and published literature on American raw materials policy in the twentieth-century, Professor Krasner provides empirical substance to the debate about the meaning of the "national interest," the importance of bureaucratic politics, and the influence of business on American foreign policy.
Defending the National Interest: Raw Materials Investments and U.S. Foreign Policy (Center for International Affairs, Harvard University #1)
by Stephen D. KrasnerStephen Krasner's assumption of a distinction between state and society is the root of his argument for the superiority of a statist interpretation of American foreign policy. Here he challenges the two dominant and rival interpretations of the relationship between state and society: interest group liberalism and Marxism. He contends that the state is an autonomous entity acting on behalf of the national interest, and that state behavior cannot be explained by group or class interest.On the basis of fifteen case studies drawn from extensive public records and published literature on American raw materials policy in the twentieth-century, Professor Krasner provides empirical substance to the debate about the meaning of the "national interest," the importance of bureaucratic politics, and the influence of business on American foreign policy.
Defending Your Brand: How Smart Companies use Defensive Strategy to Deal with Competitive Attacks
by T. CalkinsHere Calkins shows business how to create and maintain a defensive strategy including: how to understand and get competitive intelligence; how to determine if your brand or company is at risk; how to create a defensive strategy; limiting risk and preventing a trial; understanding your own IP as a weapon - and much more.
Defense against the Black Arts: How Hackers Do What They Do and How to Protect against It
by Jesse Varsalone Matthew McFaddenAs technology has developed, computer hackers have become increasingly sophisticated, mastering the ability to hack into even the most impenetrable systems. The best way to secure a system is to understand the tools hackers use and know how to circumvent them. Defense against the Black Arts: How Hackers Do What They Do and How to Protect against It
Defense against the Black Arts: How Hackers Do What They Do and How to Protect against It
by Jesse Varsalone Matthew McFaddenExposing hacker methodology with concrete examples, this volume shows readers how to outwit computer predators. With screenshots and step by step instructions, the book discusses how to get into a Windows operating system without a username or password and how to hide an IP address to avoid detection. It explains how to find virtually anything on the Internet and explores techniques that hackers can use to exploit physical access, network access, and wireless vectors. The book profiles a variety of attack tools and examines how Facebook and other sites can be used to conduct social networking attacks.
Defense Conversion Strategies (NATO Science Partnership Subseries: 1 #9)
by Robert E. Dundervill Peter F. Gerity Anthony K. Hyder Lawrence H. LuessenA North Atlantic Treaty Organization (NATO) Advanced Studies Institute (AS I) on Defense Conversion Strategies was held at the Atholl Palace Hotel, Pitlochry, Perthshire, Scotland, from July 2 through July 14, 1995. This publication is the proceedings of the Institute. The NATO Advanced Studies Institute program of the NATO Science Committee is a unique and valuable forum under whose auspices over one thousand international tutorial meetings have been held since the inception of the program in 1959. The ASI is intended to be primarily a high-level teaching activity at which a carefully defined subject is presented in a systematic and coherently structured program. The subject is treated in considerable depth by lecturers eminent in their fields and of international standing. The subject is presented to other experts or practitioners who will already have specialized in the field or possess an advanced general background appropriate to the topic. The ASI is aimed at an audience at the post-doctoral level. This does not exclude advanced graduate students or other senior participants with qualifications and achievements in the subject of the ASI or rclated areas. This ASI was prompted by several events in the defense environment.
Defense Economics: An Institutional Perspective
by Marcus Matthias KeuppThis textbook examines the economic problems of military organizations from an institutional perspective. It discusses the efficiency and effectiveness of military performance, using a capability-based conceptualization. Constitutional, historical and economic considerations complement the analysis. Neither the analysis nor the conclusions depend on any specific armed force, culture, organization, or language. On the contrary, the challenge of defense economics analysis and armed forces management is reduced to a fundamental economic problem, and solutions to this problem are offered. This book is a must-read for students, scholars and practitioners interested in a better understanding of defense economics.
The Defense Industrial Base: Strategies for a Changing World
by Nayantara HenselThe US and international defense industrial sectors have faced many challenges over the last twenty years, including cycles of growth and shrinkage in defense budgets, shifts in strategic defense priorities, and macroeconomic volatility. In the current environment, the defense sector faces a combination of these challenges and must struggle with the need to maintain critical aspects of the defense industrial base as defense priorities change and as defense budgets reduce or plateau. Moreover, the defense sector in the US is interconnected both with defense sectors in other countries and with other industry sectors in the US and global economies. As a result, strategic decisions made in one defense sector impact the defense sectors of other countries, as well as other areas of the economy. Given her academic, corporate, and Department of Defense experience as a leading economist and policy-maker, Dr. Nayantara Hensel is perfectly positioned to examine the interrelationship between these forces both historically and in the current environment, and to assess the implications for the future global defense industrial base.