What is the reason for the booming arms trade amid a downturn in the global economy? (People's Daily, China)

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What is the reason for the booming arms trade amid a downturn in the global economy? (People's Daily, China)
What is the reason for the booming arms trade amid a downturn in the global economy? (People's Daily, China)

Video: What is the reason for the booming arms trade amid a downturn in the global economy? (People's Daily, China)

Video: What is the reason for the booming arms trade amid a downturn in the global economy? (People's Daily, China)
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What is the reason for the booming arms trade amid a downturn in the global economy?
What is the reason for the booming arms trade amid a downturn in the global economy?

The United States recently announced a $ 60 billion sale to Saudi Arabia, one of the largest in United States history. Just like two years ago, when the whole world plunged into an international financial crisis, and now, when the world economy is recovering with great difficulty, there is a revival in the world arms market. The Stockholm Institute for Peace Research recently released a report according to which the growth rate of the arms trade in the world has been accelerating recently, and the United States and Russia are receiving the largest profits in this industry.

USA, RF, UK, France - four major exporters of weapons and military equipment

The arms trade is the buying and selling of specialized goods through specific channels. The United States, Russia, Britain and France, as leading exporters, are making enormous economic gains. According to a report by the Stockholm Peace Research Institute, the United States once again took first place in terms of arms sales, which amounted to $ 38.1 billion, and Russia, thanks to high-quality and relatively inexpensive weapons, received income of $ 10.4 billion. American dollars, coming in second.

As a military power in Europe, France is a major supplier to the international arms market. According to information published by the French Ministry of Defense on October 6, 2010, arms sales in 2009 increased by 13%, setting a new record in the new century. Accordingly, France has become the fourth largest arms exporter after the US, Russia and the UK.

90% of military orders come from Asia

90% of military orders come from Asia. India has been one of the top buyers in recent years. The country constantly makes orders for the purchase of advanced ships, submarines, fighters, tanks and other types of military equipment, often concluding contracts for large sums. Thus, India has become a rather attractive country for international defense suppliers. The USA, Europe and Russia are making great efforts to conquer the Indian market. In order to receive orders, these countries do not even want to transfer some of the advanced technologies to India.

In 2010, the United States sold weapons to Taiwan, India, Kuwait, Israel and Mexico. As for Russia, President Dmitry Medvedev will pay a visit to India in December this year, during which negotiations will be held on the supply of weapons to India, among other things. According to Russian media reports, during the visit of the head of state, the parties will sign an agreement on the development and development of fifth-generation fighters. The document stipulates that over the next 10 years Russia will transfer 250-300 fifth-generation fighters and 45 military transport aircraft to India.

The Middle East is an important arms market for which the United States and Russia are fighting. Thanks to the strengthening of positions in the region, it is possible not only to make a profit, but also to increase influence, as well as to realize strategic interests. The main question is this: why is there a revival in the international arms market in the context of the reduction of defense spending by most countries?

First, countries located in unstable regions want to increase security through the purchase of weapons;

Second, arms and military equipment suppliers are pinning their hopes on economic recovery through arms exports;

Third, the world's major arms importers have been slightly affected by the international financial crisis; some regional powers intend to increase their military capabilities through the purchase of advanced weapons;

Fourth, arms suppliers from various countries, who are forging links with the government, are increasing the arms trade.

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