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Social and Behavioral Sciences Commons

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Economics

University of Massachusetts Boston

1991

Defense industry

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Defense Cuts: What Might Connecticut Expect On The Manufacturing Employment Front?, Bruce D. Wundt Sep 1991

Defense Cuts: What Might Connecticut Expect On The Manufacturing Employment Front?, Bruce D. Wundt

New England Journal of Public Policy

Connecticut has enjoyed considerable economic prosperity as a result of its reliance on the defense industry. However, as a consequence of reductions in federal spending on defense, this favorable trend of many years is reversing, unfortunately, while the region is also experiencing a general economic slowdown. Many Connecticut industries must prepare for a new era of reducing their dependence on defense contracts and diversify into new markets and products. State policymakers can help during these uncertain times by encouraging private and public retraining of labor resources and the expansion of industries that will promote economic stability.