Despite Slump, US Role as Top Arms Supplier Grows - Thom Shanker, New York Times.
Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before. Italy was a distant second, with $3.7 billion in worldwide weapons sales in 2008, while Russia was third with $3.5 billion in arms sales last year - down considerably from the $10.8 billion in weapons deals signed by Moscow in 2007. The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends. The value of global arms sales in 2008 was $55.2 billion, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005. The increase in American weapons sales around the world “was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally,” according to the study, titled “Conventional Arms Transfers to Developing Nations.”
http://www.nytimes.com/2009/09/07/world/07....html?ref=world
Full Version: Despite Slump, US Role as Top Arms Supplier Grows
QUOTE(Snuffysmith @ Sep 7 2009, 03:14 AM) 
Despite Slump, US Role as Top Arms Supplier Grows - Thom Shanker, New York Times.
Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before. Italy was a distant second, with $3.7 billion in worldwide weapons sales in 2008, while Russia was third with $3.5 billion in arms sales last year - down considerably from the $10.8 billion in weapons deals signed by Moscow in 2007. The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends. The value of global arms sales in 2008 was $55.2 billion, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005. The increase in American weapons sales around the world “was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally,” according to the study, titled “Conventional Arms Transfers to Developing Nations.”
http://www.nytimes.com/2009/09/07/world/07....html?ref=world
Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before. Italy was a distant second, with $3.7 billion in worldwide weapons sales in 2008, while Russia was third with $3.5 billion in arms sales last year - down considerably from the $10.8 billion in weapons deals signed by Moscow in 2007. The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends. The value of global arms sales in 2008 was $55.2 billion, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005. The increase in American weapons sales around the world “was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally,” according to the study, titled “Conventional Arms Transfers to Developing Nations.”
http://www.nytimes.com/2009/09/07/world/07....html?ref=world
For those who continue to dance around the notion that the USA constitutes an Empire, this is an important piece of the picture...not only for understanding our foreign policy but for understanding
how our economy works. This is the phenomenon that allows us to keep putting off the impending
depresion...The manufacture and sell of armaments has a multiplier effect on our production and
sell of other durable goods...this market also is pettering out as the world economy continues to retract...
QUOTE(rla @ Sep 7 2009, 08:16 AM)
QUOTE(Snuffysmith @ Sep 7 2009, 03:14 AM)
Despite Slump, US Role as Top Arms Supplier Grows - Thom Shanker, New York Times.
Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before. Italy was a distant second, with $3.7 billion in worldwide weapons sales in 2008, while Russia was third with $3.5 billion in arms sales last year - down considerably from the $10.8 billion in weapons deals signed by Moscow in 2007. The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends. The value of global arms sales in 2008 was $55.2 billion, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005. The increase in American weapons sales around the world “was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally,” according to the study, titled “Conventional Arms Transfers to Developing Nations.”
http://www.nytimes.com/2009/09/07/world/07....html?ref=world
Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before. Italy was a distant second, with $3.7 billion in worldwide weapons sales in 2008, while Russia was third with $3.5 billion in arms sales last year - down considerably from the $10.8 billion in weapons deals signed by Moscow in 2007. The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends. The value of global arms sales in 2008 was $55.2 billion, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005. The increase in American weapons sales around the world “was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally,” according to the study, titled “Conventional Arms Transfers to Developing Nations.”
http://www.nytimes.com/2009/09/07/world/07....html?ref=world
For those who continue to dance around the notion that the USA constitutes an Empire, this is an important piece of the picture...not only for understanding our foreign policy but for understanding
how our economy works. This is the phenomenon that allows us to keep putting off the impending
depresion...The manufacture and sell of armaments has a multiplier effect on our production and
sell of other durable goods...this market also is pettering out as the world economy continues to retract...
Snuf. could you combine this with the other thread on the same topic?
QUOTE(rla @ Sep 7 2009, 01:49 PM)
QUOTE(rla @ Sep 7 2009, 08:16 AM)
QUOTE(Snuffysmith @ Sep 7 2009, 03:14 AM)
Despite Slump, US Role as Top Arms Supplier Grows - Thom Shanker, New York Times.
Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before. Italy was a distant second, with $3.7 billion in worldwide weapons sales in 2008, while Russia was third with $3.5 billion in arms sales last year - down considerably from the $10.8 billion in weapons deals signed by Moscow in 2007. The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends. The value of global arms sales in 2008 was $55.2 billion, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005. The increase in American weapons sales around the world “was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally,” according to the study, titled “Conventional Arms Transfers to Developing Nations.”
http://www.nytimes.com/2009/09/07/world/07....html?ref=world
Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements valued at $37.8 billion in 2008, or 68.4 percent of all business in the global arms bazaar, up significantly from American sales of $25.4 billion the year before. Italy was a distant second, with $3.7 billion in worldwide weapons sales in 2008, while Russia was third with $3.5 billion in arms sales last year - down considerably from the $10.8 billion in weapons deals signed by Moscow in 2007. The growth in weapons sales by the United States last year was particularly noticeable against worldwide trends. The value of global arms sales in 2008 was $55.2 billion, a drop of 7.6 percent from 2007 and the lowest total for international weapons agreements since 2005. The increase in American weapons sales around the world “was attributable not only to major new orders from clients in the Near East and in Asia, but also to the continuation of significant equipment and support services contracts with a broad-based number of US clients globally,” according to the study, titled “Conventional Arms Transfers to Developing Nations.”
http://www.nytimes.com/2009/09/07/world/07....html?ref=world
For those who continue to dance around the notion that the USA constitutes an Empire, this is an important piece of the picture...not only for understanding our foreign policy but for understanding
how our economy works. This is the phenomenon that allows us to keep putting off the impending
depresion...The manufacture and sell of armaments has a multiplier effect on our production and
sell of other durable goods...this market also is pettering out as the world economy continues to retract...
Snuf. could you combine this with the other thread on the same topic?
I think this would be a good topic to discuss...
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