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Adjusting to the Drawdown: Report of the Defense Conversion Committee
. The defense drawdown is viewed: as an opportunity to convert defense industry to peacetime uses, as a drain on the economy, as a budgetary source of “peace dividends,” or as a reward or a punishment for winning the cold war. Conversion is defined as the process by which the people, skills tech’y., equip., & facilities in defense are shifted into alternative economic applications. Contents: economic effects of reducing def. spending; defense ind’y. policies & programs; effects on communities; assisting people; & adjusting to the drawdown: implementation.
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