Monday, March 15, 2010
US, Russia: half of world arm sales
According to a Sweden-based research institute, the US and Russia, together, made up more than half of the global arms sales between 2005 and 2009. Compared to 2000-2004, the volume of world arms sales increased by 22 percent in the five-year period. The top four global arms exporters are as follows: US (30%), Russia (25%), Germany (11%), and France (8%). South Korea, the United Arab Emirates, and Greece were among the top-five importers of conventional weapons systems. China and India were the world’s largest arms importers in the period.
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2 comments:
This really is a cool article explaining and breaking down the arms race going on in our world. The fact that the US and Russia are the one and two biggest exporters is not too surprising though. I found it interesting that all the different countries mentioned produce different weapon systems that are sought after and that these countries do indeed have a comparitive advantage.
Just imagine how much more Russia could have sold had it not been letting all its weapons to be stolen instead from its territory.
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