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Purpose – To argue for the use of corporate social irresponsibility (CSI) proves far more useful in assessing arms makers’ limits of responsibility in a different way altogether. By focusing on the negative ‘externalities’ – that is impact on society – we are able to examine the practice in the context of constitutive and regulatory norms (i.e. the accepted rules), as opposed to norms that are merely evaluative (i.e. moral) or practical (i.e. what's possible).

Methodology/approach – This chapter examines the investment policies, practices and procedures of a handful of Australian pension and sovereign wealth funds in relation to investment in the development and production of cluster munitions – a class of weapon banned under international law since August 2010.

Findings – The chapter finds that the negative externalities inherent in armaments manufacturing demand that institutional investors view such firms through a ‘CSI lens’, especially when tasked with identifying and developing strategies to account for emerging social norms such as the prohibition of cluster munitions.

Practical implications – The investor is advantaged by having at its disposal a roadmap for managing – though not necessarily predicting – emerging social norms. This is so for ethical, responsible and mainstream investment approaches, although is most readily compatible with investors who have pre-established exclusionary policies as well as effective implementation procedures.

Social implications – A CSI approach to investment in cluster munitions as outlined in this chapter benefits society by inducing economic actors, such as pension and sovereign wealth funds, to direct their capital in such a way as to minimize humanitarian and environmental harm.

Originality/value of chapter – Proponents of the social responsibility of business and investment have seldom assessed the makers of conventional armaments such as machine guns, attack helicopters and battle tanks. Fewer still have attempted to devise and implement such programs within firms. Simply put, the prevailing argument is that arms makers and their financers are not capable of being socially responsible.

The end of the Cold War has led to several changes in the arms industry at the world level. The expected “peace dividends” did not appear, as the crisis on arms markets, due to the decrease in military expenditures, was not yet overcome when the defence budgets picked up again. Since the 2000s, the market logic has been encouraged in Western countries to restructure the arms industries: the development of generic or dual technologies was encouraged, as well as the diversification on civil markets. If the consolidation of the American arms industry has been quickly achieved, thanks to a strategy of rationalization and cost reduction, as well as of integration of military activities, the results have been less convincing in Western Europe, while the countries of ex-Warsaw pact suffered from a dramatic industrial crisis.

The purpose of this paper is to understand how Agfa, a division of IG Farben and Germany's leading producer of photographic equipment, adapted its marketing strategy to the new political environment created by the Nazi regime. This was a time when many consumer goods manufacturers suffered from the state‐driven reallocation of resources favoring the armament industry. Agfa, however, expanded its production well into the war.

This case study is based on archival records of Agfa's sales department.

This paper shows that Hitler's armament drive left room for non‐essential consumer goods such as cameras, film, and photographic paper as they fitted the regime's consumption policy, as well as its import and foreign exchange policy. A pioneer in marketing, Agfa was able to secure its growth strategy and its room to maneuver by focusing its product and promotion program on the socioeconomic needs of the “Volksgemeinschaft” and the “Four Year Plan”.

This paper sheds new light on the often‐underestimated role of consumption during the “Third Reich.” Furthermore, it supports the evolutionary – rather than revolutionary – nature of the history of marketing practice in Germany, as Agfa's interwar marketing policy features many sophisticated modern elements prior to the “Marketing Revolution” of the 1960s.

There are two main doctrines about the relation between war and national economy. The first considered that economy based on the market is a cause of war. The second one established that market and economic knowledge are essential for the realization of peace.

One of the main functions of the absorptive class is to minimize the impact of economic crisis within a given national economy and where possible to shift the impact of economic crisis to less-developed or developing economies or indeed to another advanced economy. Hence the absorptive class displays the same feature of capitalism: it is simultaneously both national and international. This process of absorption is not done consciously, of course. It is the way the system has come to operate. Had the system not done so, capitalist economies would have lost a great degree of its capacity for resilience in the face of recurrent crises. Since the industrial revolution gathered momentum in England in the eighteenth century and spread rapidly to a limited number of countries in the world, economic crisis has been commonplace, threatening the very fabric of the economies created by the system. Economic crisis is taken to mean a severe disjuncture between production and consumption, marked by a reduction in economic growth. Depending on one's theoretical position economic crisis is caused by over-production or under-consumption or by some combination of the two. Adam Smith who published An Enquiry into the Wealth of Nations just about at the onset of the industrial revolution in England believed that any disjuncture between glut and scarcity was an effect of wrong-minded intervention by government. Left alone market forces would always tend toward the elimination of gluts. Thus, want of employment (the word unemployment was to be invented a 100 years later), so dangerous to the social fabric, would be avoided and capital accumulation would take place steadily in an unimpeded way. However, by the early nineteenth century, the British economy seemed to fluctuate ever more wildly than it had done in less industrial times, and as the urban population grew, such instability was especially feared by the ruling classes in Britain and, later, in Germany, the United States, France and Italy. Clearly, policy intervention by governments took place to manage such crises and the governments sought increasingly to achieve financial and price stability, and in Britain for instance this culminated in the Bank Charter Act of 1844, having 10 years previously introduced legislation aimed at achieving labour mobility with the infamous Poor Law Amendment Act.

The aim of this study is to develop a die forging process for producing aircraft components made of magnesium alloy AZ61A using a screw press.

The proposed forging technique has been developed based on the results of a numerical and experimental research. The required forging temperature has been determined by upsetting cylindrical specimens on a screw press to examine both plasticity of the alloy and the quality of its microstructure. The next stage involved performing numerical simulations of the designed forging processes for producing forgings of a door handle and a bracket, both made of magnesium alloy AZ61A. The finite element method based on simulation programme, Deform 3D has been used for numerical modelling. The numerical results revealed that the forgings are free from material overheating and shape defects. In addition to this, the results have also helped determine the regions that are the most prone to cracking. The final stage of the research involved performing forging tests on a screw press under industrial conditions. The forgings of door handles and brackets were made, and then these were tested for their mechanical and structural properties. The results served as a basis for assessing both the viability of the designed technique and the quality of the produced parts.

The experimental results demonstrate that aircraft components made of magnesium alloy AZ61A can be produced by die forging on screw presses. The results have been used to determine the fundamental parameters of the process such as the optimum forging temperature, the method of tool heating, the way of cooling parts after the forging process, and the method of thermal treatment. The results of the mechanical and structural tests confirm that the products meet the required quality standards.

The developed forging technique for alloy AZ61A has been implemented by the forging plant ZOP Co. Ltd in Swidnik (Poland), which specializes in the manufacturing of aircraft components made of non-ferrous metal alloys.

Currently, the global tendency is to forge magnesium alloys (including alloy AZ61A) on free hydraulic presses using expensive die-heating systems. For this reason, the production efficiency of such forging processes is low, while the manufacturing costs are high. The proposed forging technique for alloy AZ61A is an innovative method for producing forgings using relatively fast and efficient machines (screw presses). The proposed forging method can be implemented by forging plants equipped with standard stocks of tools, which increases the range of potential manufacturers of magnesium alloy products. In addition, this technology is highly efficient and ensures reduced manufacturing costs.

This article aims to explore the impact of the Great War on the Sheffield armaments industry through the use of four company case studies in Thomas Firth, John Brown, Cammell Laird and Hadfields. It charts the evolving situation the armaments companies found themselves in after the end of the conflict and the uncertain external environment they had to engage with. The article also examines the stagnant nature of armaments companies’ boards of directors in the 1920s and the ultimate rationalisation of the industry at the close of the decade.

The research design is based around a close examination of the surviving manuscript records of each of the companies included, the records of the speeches recorded by chairpersons at annual meetings and some governmental records.

The article concludes by outlining how the end of the Great War continued to affect the industry for the following decade and the complex evolving situation with a changing external environment and continuity of management internally ultimately leading to mergers in the industry.

This article uses a number of underused manuscript records to examine the Sheffield armaments industry and explores the effect of a global mega event in the Great War on one of the most technologically advanced industries of the period.

The paper seeks to address the European Union's emerging role in the management of international security challenges and its implications for collaboration in armaments procurement. While the former is about integrating member governments at policy level, the latter concerns organising states' defence industries into a cohesive and competitive supply base.

Theoretical frameworks include historic‐comparative analysis and the bureaucratic politics model. Independent variable comprises state actors and interest groups, while the dependent variable comprises the outcomes in terms of defence policy and armaments collaboration decisions. European armaments integration is considered, contrasting liberal inter‐governmentalism and neo‐functionalism theory. Case study data are derived from official EU document sources.

In general, national governments tend to protect important industrial actors irrespective of ownership. Bringing market and defence issues closer challenges the traditional separation between “low” and “high” politics. The collaboration in armaments acquisition is ad hoc and somewhat piecemeal in nature. Structures have evolved in an attempt to integrate the armaments process with spill‐over effect at policy level fostering armaments integration, helped by a more favourably structured and organised defence industry symptomatic of neo‐functionalism. Co‐ordination of European defence policy and armaments procurement through EDA should, in theory, lead to longer‐term co‐ordination, co‐operation and integration between the member states. The latter may see it in their interests to integrate as they come to recognize that EU institutions lack the capabilities to make policies realistic.

European armaments procurement and integration is not well researched; nor are the theoretical issues well understood. An explanation (model) of European armaments procurement integration is developed, along with an identification of key facilitators.

Geographical disparities in the light of regional development constitute ever present issue affecting academic debates as well as decision process of policy makers also in the Central and East European countries, mainly during the last two decades. The purpose of this paper is to outline the economic development of one of the most underdeveloped regions in Slovakia, of Banská Bystrica, during the transformation stage of post-socialist societal development, with emphasis on the period after 2000, in the context of the economic performance related to other regions of the country.

For this purpose, several economic indicators (unemployment rate, vacancies, employment in economic sectors, wages, gross domestic product, foreign direct investment and housing construction) are utilised, whose common contribution to assessing the economic performance of a territorial system is secured by using the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) methodological approach. Thus, analytical part of the study stems from standard statistical data, enriched by 11 in-depth interviews conducted with stakeholders involved in socio-economic and political life of the region.

Of internal factors, innovation capacity of the region and supporting the business environment appear to be a key for its further economic development. Attractiveness for foreign direct investment as well as social cohesion of the EU are considered the crucial factors of regional development stemming from the external environment.

Using TOPSIS method and series of in-depth interviews with regional stakeholders the authors identified development prospects of underdeveloped Banská Bystrica region, in the context of opportunities and threats forming its presence in the near future.

This paper examines the production of a particular nuclear‐organizational history to illuminate the rhetorical and political practices by which stakeholders engage that history as an opportunity to perform preferred ideological narratives. Analysis utilizes data collected from the authors’ reflective participation in this process, and focuses on the tension between nuclear‐historical and ‐heritage discourses. We use the lens of critical public nuclear history studies to show how nuclear‐organizational history contributes to broader controversy over the commemoration of nuclear weapons production in post‐Cold War US culture.