THE QUALITY AND COMPETITIVENESS OF THE SERBIAN DEFENSE INDUSTRY ON THE GLOBAL ARMS AND MILITARY EQUIPMENT MARKET

This paper focuses on examining the quality and competitiveness of Serbian defense industry in the global market for weapons and military equipment, with the aim to perform a structural and functional analysis of the global market of weapons and military equipment, to review its characteristics and to determine the place and role of the defense industry of the Republic of Serbia on it. The Covid-19 pandemic along with active and intense armed conflicts between Russia and Ukraine, Armenia and Azerbaijan, in the Middle East, in the north of the African continent and in the Sahel contributed to the sale of weapons and military services reaching record amounts in 2020. The activities of the USA, China and India on the international political scene and in the development and improvement of defense technologies will influence them to be dominant forces on the market of weapons and military equipment by 2030. The paper also gives a review of the quality and competitiveness of the Serbian defense industry.