South America wins global arms race

As its name suggests, the Stockholm International Peace Research Institute tends to frown on arms sales anywhere. With that disclaimer in mind, SIPRI’s annual report and continuously updated database are indispensable tools in the public domain. The latest report released today expresses SIPRI’s predictable concerns about a five-year surge of arms sales activity from 2005-2009. The organization notes that arms transfers spiked in regions with some of the world’s poorest countries, such as South America (up 150%!) and South Asia. Combat aircraft paced overall demand, accounting for 27% of the value of all arms transfers over the past five years.

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2 Responses to South America wins global arms race

  1. Dave 15 March, 2010 at 4:19 pm #

    Well, good for them. In these tough economic times, it’s good to know someone is buying.

  2. aeroxavier 15 March, 2010 at 5:28 pm #

    yes but this is because venezuela have take 2bn in russian armament and brazil for 8bn (submarine,copter) for france. that was not all year that (except for brazil aircraft this year)

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