| Table of Contents | 5 |
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| Preface of the Editors | 9 |
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| I History and Development | 10 |
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| Overseas Trade in Early Modernity and the Emergence of Embryonic Private Military Companies | 10 |
| 1 Introduction | 10 |
| 2 Long- Distance Trade in Early Modernity | 11 |
| 3 Monopoly Rights and the Private Use of Force | 14 |
| 4 The Trading Companies as Early Multinationals and Their Forces as Embryonic PMCs | 16 |
| 5 Conclusion | 21 |
| Does History Repeat Itself? A Comparative Analysis of Private Military Entities | 22 |
| 1 Introduction | 22 |
| 2 Historical Context | 23 |
| 3 The English East India Company | 24 |
| 4 Dutch East India Company | 25 |
| 5 The Mozambique Company | 27 |
| 6 Current Context | 28 |
| 7 DynCorp | 29 |
| 8 L-3 Communications/ MPRI/ Titan | 30 |
| 9 ArmorGroup | 31 |
| 10 Assumption: Differences and Continuities | 32 |
| The Privatization of Military Affairs: A Historical Look into the Evolution of the Private Military Industry | 35 |
| 1 Introduction | 35 |
| 2 The Rise of the State and Military Organization -A Review of Theoretical Concepts | 35 |
| 3 What is a Private Military Firm? | 39 |
| 4 The Post- Cold War Rise of PMFs and Their Expanding Role | 41 |
| 5 Post- 9/11, the Revolution in Military Affairs, and the Promise of PMFs | 44 |
| 6 Can PMFs Benefit the United States? | 46 |
| 7 Conclusion | 50 |
| The Private Military Company: An Entity at the Center of Overlapping Spheres of Commercial Activity and Responsibility | 52 |
| 1 Introduction | 52 |
| 2 The PMC Service Spectrum | 53 |
| 3 Defining the Private Military Company | 57 |
| 4 The PMC and the Security Sector | 59 |
| 5 The PMC and the Outsourcing Business | 61 |
| 6 Conclusion | 65 |
| Soldiers of Misfortune: Is the Demise of National Armed Forces a Core Contributing Factor in the Rise of Private Security Companies? | 66 |
| 1 Introduction | 66 |
| 2 Receding State Power | 66 |
| 3 The Changing Status and Role of the Military | 69 |
| 4 Civilianization | 73 |
| 5 The Rules of Engagement Trap | 78 |
| 6 Operational Realities | 80 |
| 7 Discussion and Conclusion | 82 |
| Private Security Companies: Agents of Democracy or Simply Mercenaries? | 83 |
| 1 Introduction | 83 |
| 2 How the Civil War in Yemen Sowed the Seed for Watchguard International, the First Modern PSC | 84 |
| 3 The Period of Transition Begins: PSCs Emerge as Actors in International Security | 87 |
| 4 A Resurgence in Mercenary Activity or Supporting Democratic Change after the Cold War? | 90 |
| 5 Renewed Interest in PSCs after the Sandline Affair | 94 |
| 6 PSCs as Actors in Strategic Complexes | 96 |
| 7 Conclusion | 99 |
| II Case Studies | 101 |
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| Searching for Resources, Offering Security ... Private Military Companies in Sierra Leone | 101 |
| 1 Introduction | 101 |
| 2 The Conflict | 102 |
| 3 Gurkha Security Guards | 103 |
| 4 Executive Outcomes | 104 |
| 5 Struggle for Power | 105 |
| 6 Sandline International | 107 |
| 7 The Sandline Affair | 108 |
| 8 The Return of President Kabbah | 109 |
| 9 The Conglomerate of PMCs and Mining Companies | 110 |
| 10 Conclusion: Security for Resources? | 114 |
| Contracting in the Fog of War ... Private Security Providers in Iraq: A Principal- Agent Analysis | 117 |
| 1 Introduction | 117 |
| 2 Theoretical Framework | 117 |
| 3 Iraq | 120 |
| 4 Application of the Theory | 125 |
| 5 Conclusion | 130 |
| Privatization of Maritime Security in Southeast Asia | 131 |
| 1 Introduction | 131 |
| 2 Risks and Threats: The Maritime Environment | 131 |
| 3 Companies and Services | 135 |
| 4 Why Private Security? | 138 |
| 5 Impact | 139 |
| 6 Problems and Controversies | 141 |
| 7 Conclusion | 143 |
| No Contractors on the Battlefield: The Dutch Military's Reluctance to Outsource | 145 |
| 1 Introduction | 145 |
| 2 Private Military Forces in Dutch History | 146 |
| 3 Present Day Outsourcing Policy in the Netherlands | 149 |
| 4 Criteria to Employ Private Military Companies | 153 |
| 5 The Present Political Willingness to Outsource | 155 |
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