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The Importance and Role of Offsets within International Economic Exchanges

Author

Listed:
  • Constantin Georgescu
  • Gheorghe Caraiani
  • Monica Tudor

    ("Dimitrie Cantemir" Christian University)

Abstract

Over time offsets have been defined differently. In essence, defense offsets and those in civil commerce, are offset a buyer seek to a seller for the purchase of goods and/or services. Offset demand for defense showed an upward trend since 1950. It took a further scale in 1980 and since has grown all. Two decades ago, the offset was practiced by around 20 countries, currently being adopted in more than 130 countries. Subsequent changes in the policy of offsets in defense from procurement procedures in 2006, 2008, 2009, different countries have included provisions for bank credit, delimitation of defense products and reduce licensing requirements. Procedures for defense procurement in 2011 are making a significant jump from the preceding provisions of direct offsets by including dual use - civil aerospace and security features for home launching the indirect offsets in a limited way.

Suggested Citation

  • Constantin Georgescu & Gheorghe Caraiani & Monica Tudor, 2013. "The Importance and Role of Offsets within International Economic Exchanges," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 36-39, September.
    • Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:36-39
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    More about this item

    Keywords

    Counter; compensation; offset;
    All these keywords.

    JEL classification:

    • L5 - Industrial Organization - - Regulation and Industrial Policy

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