The International Arms Market

The Economist’s #Dailychart  from yesterday revealed the countries that buy and sell the most weapons. The United States, Russia, Germany, China, and France accounted for three-quarters of international arms exports over the past five years, with the first two taking the lion’s share of the export market (largely a legacy of the Cold War, which led both nations to build up a massive and still influential indigenous arms industry).

 

Other major arms dealers include the U.K., Spain, Ukraine, Italy, and Israel. Only 10 other countries, mostly in the developed world, have some sort of presence in the global arms market.

Notably, China — which was once a net importer of weapons, mostly from the U.S.S.R. — has tripled its share of exports in that time, overtaking France and set to surpass Germany as the third largest arms dealer (it still receives almost as many weapons as it sells, however). Germany’s significant role in arms dealing is interesting given the country’s otherwise pacifistic and low-key foreign policy, which is characterized by a reluctance to intervene in international affairs.

Some of the bigger importers include rising powers like India, China, and to lesser degrees Pakistan and South Korea. The Persian Gulf nations of the U.A.E. and Saudi Arabia also top the list, as does the tiny but influential city-state of Singapore (which is said to have one of the most advanced and well-trained armed forces in the world). Australia’s fairly high import rate likely reflect’s its growing influence in the Asia-Pacific region and its desire to play a bigger role therein.

Needless to say, this is revealing stuff. Read more about it here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s