The global weapons industry and what it's worth
The Economy, Stupid
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Global Military Spending and Arms Exports
This chapter examines the vast global weapons industry, revealing that military spending has surged to 2.44 trillion US dollars, with the US as the leading spender. It discusses the implications of rising military budgets in response to regional tensions, particularly highlighting Japan and Israel's significant increases in defense spending. The chapter also explores the competitiveness of the arms export market, focusing on major companies and the influential role of geopolitical events on the industry.
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