Arms Firms Rejoice over Middle East Uprisings
June 6, 2011 in Daily Bulletin
As it turns out it wasn’t just abstract ideals like democracy and human rights that benefitted from the recent revolutions in the Middle East. Arms Manufacturers are expecting a sales bonanza.
- The Middle East spent $111 billion on arms in 2010, with the bulk of the purchases coming from Saudi Arabia
- Somewhat surprisingly South America saw the largest increase in military spending in 2010
- India was the world’s largest arms importer in 2010
- The US accounts for 41% of the world’s military spending
- The US military budget has increased by 81% since 2001
You can read more about the state of the global arms market here.
Source: BBC News
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