Asia Driving ‘Explosion’ in Global Arms Trade

Asia Driving ‘Explosion’ in Global Arms Trade

  BEIJING – Asian powers are outpacing the United States to become the biggest spenders on defense by 2021 and are fuelling an “explosion” in the global arms trade, a study showed. The global arms trade jumped by 30 percent to $73.5 billion between 2008-2012 in spite of the economic downturn, driven by surging exports […]