Affiliation:
1. Plekhanov Russian University of Economics (PRUE)
2. Financial University under Government of Russian Federation
3. National Research University - Higher School of Economics (NRU – HSE)
4. Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Abstract
Subject. The article deals with the balance of power in the Middle East, the dynamics of the world arms market.
Objectives. The study aims to analyze the impact of the defense industry on the level of employment, assessment of prospects for cooperation between Egypt and developed countries in the field of global security.
Methods. The study draws on methods of comparative, structural, and logical analysis.
Results. Cooperation with economically developed countries strengthens Egypt's defense industry. The higher the country's gross domestic product, the more funds the government can allocate to the development of the defense industry.
Conclusions. Despite Egypt's growing capabilities in the production of military equipment, the country's economy remains dependent on external supplies.
Publisher
Publishing House Finance and Credit
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