Professor: Arizona can use warfare to fund economy

Aug 26, 2013, 6:11 PM | Updated: 6:11 pm

PHOENIX — When it comes to funding the economy of tomorrow, Arizona should look to warfare to fund its economy, an Arizona State University professor said.

“We need to leverage off the Department of Defense’s investments in the state historically and be savvy about that,” Director of the L. William Seidman Research Institute at the W.P. Carey School of Business at ASU Dennis Hoffman told News/Talk 92/3 KTAR’s Mac & Gaydos on Monday. “Position ourselves to do [research and development] around surveillance, new combative technologies, new technologies for warfare differently than we’ve done in the past.”

Hoffman said Arizona needs to focus on research and development rather than manufacturing because manufacturing jobs are more likely to either be moved overseas or automated.

Hoffman also said Arizona boasts a few other bright spots, including an influx in financial services and insurance data firms along with ASU partnerships in healthcare and educational technologies.

While Hoffman said the Arizona economy of 2020 will likely look the same, the state can anticipate a few changes.

“I think you’re going to see a structure of an economy — in terms of where people work and what types of pursuits — again much like you see today, hopefully a bit more like was saw pre-Great Recession than during the depths of the Great Recession.”

A Valley resident for more than 30 years, Hoffman said the economy of the future will change as Arizona is accustomed to 50,000 to 75,000 people pouring into the state annually who wanted jobs, houses and cars.

“We were heavily reliant on construction because we led the nation or nearly led the nation on population growth for a number of years,” he said.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

A five-mile stretch of SR-88 will be closed for flooding repairs. (ADOT photo)...

Contractor approved for project to restore limited access to State Route 88

ADOT announced Friday an approved contract for a project that aims to restore limited access to a five-mile stretch of State Route 88 damaged by flooding.

20 minutes ago

Detours on southbound I-17 are expected this week near Bumble Bee Road. (ADOT photo)...

Overnight detours to begin Monday on southbound I-17 at Bumble Bee Road

Drivers traveling south on Interstate 17 north of Black Canyon City should plan for overnight detours beginning Monday, ADOT said.

1 hour ago

Joe Biden speaking at podium next to Kamala Harris...

Kelly endorses Harris for Democratic ticket, Arizona reacts to Biden withdrawing from 2024 race

President Joe Biden announced Sunday that he will not seek reelection after his first term as commander in chief ends in January 2025. U.S. Senator Mark Kelly  (D-Arizona) endorsed Harris on X as the prevailing name on the Democratic presidential ticket.

2 hours ago

Migrants in sitting close to each other in Mexico asylum...

Associated Press

Behind Biden’s asylum halt: Migrants must say if they fear deportation, not wait to be asked

Posters inside a complex of giant, white tents tell migrants in English, Spanish, Mandarin and Hindi they should tell an officer if they fear being deported and “your claim will be heard.”

7 hours ago

Rendering of Papago Golf House designed by Wespac Construction Inc....

Payne Moses

Construction begins on Papago Golf House, will serve many public golf organizations

Construction for the Papago Golf House is now underway, as the groundbreaking was announced by the project manager on Thursday.

9 hours ago

Keshi (Casey Luong) posing in front of BOSE sign in New York....

Payne Moses

Keshi’s ‘Requiem World Tour’ to make Glendale stop on Halloween

Keshi's "Requiem World Tour" is making its way to Diamond Desert Arena in Glendale on Oct. 31, the host venue announced Friday.

10 hours ago

Sponsored Articles



Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.



Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.


Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

Professor: Arizona can use warfare to fund economy