Private Military Industry: Economic Analysis, Uses & Considerations

摘要

Different customers in different ages have used private military members as part of their military operations. After the Cold War era, a new form of Private Military Industry emerged. Companies serving in both military support and offensive operations and morally and legally questionable militias operations in conflict regions raised many dilemmas about the industry. Without understanding the economic, legal, ethical and contractual dynamics of the industry, there is no simple way of employment of private military companies (PMCs) for democratic governments. This study tries to cover these dynamics for better use of PMCs, without considering whether they are beneficial or not. A better understanding and of the industry, governments, international community, and other prospective legal clients (such as non-for-profit organizations and private firms) can produce the necessary outcomes. By using Porter's 'Five Forces analysis' driving factors are analyzed, as are the sub-factors within these areas and the competency of some key players. Then the impacts of PMCs on military operations (i.e., legal, ethical and entrepreneurial considerations) are explored.