Since 1992 alone, US has sold arms worth $142 billion.

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Not that he would, but if he does, he has good reason to. Since the end of the Second World War, the global defence industry has played a crucial role in not just shaping the geopolitical strategies of powerful countries, but also in being a crucial pillar of the concerned economies. SIPRI (Stockholm International Peace Research Institute) states that since the 1950s, US alone has exported arms worth $566 billion to other countries. This incidentally is based on the 1990 constant price of dollar to bring out a uniform TIV (Trade Indicator Value). At current prices, the value could be nearly three times that. Since 1992 alone, US has sold arms worth $142 billion. Compared to US, the erstwhile Soviet Union, since the 1950s, has exported arms worth $461 billion; followed by UK with $107 billion, France with $100 billion, while the new avatar of USSR, Russia, since the disintegration of USSR in 1992 has notched up arms sales of $67 billion till 2007.


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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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