This report investigates the global economic and political challenges associated with the post-Cold War transition from military-industrial production to civilian-oriented economies. The Bonn International Center for Conversion utilizes empirical data and regional case studies to analyze how governments and defense contractors navigated the reduction in global arms demand during the late 1990s. The text provides a comprehensive framework for understanding the structural shifts in defense spending, workforce demobilization, and the repurposing of military infrastructure.

Experts recognize this volume as a critical archival resource for understanding the economic landscape of the late 1990s defense sector. Researchers frequently cite the report for its detailed statistical documentation of military downsizing and its impact on global security policy.