Defense Conversion – The Economic Conversion of the World Economies: The American Example

Discusses the military‐defense industry conversion in the USA,particularly the state of California. Describes specific American federal and state programs which link and co‐ordinate the effort. Argues that the basic economic structure of post‐Cold War America has been changed dramatically forever. Out of defense conversions are emerging new economic opportunities which will change the USA and affect world economies. Meanwhile, the US has much to learn from European (and Asian)economic programs.