Global Military And Defense Sector Is Set To Grow -- Financial Post
Fuelled by the Sept. 11 terrorist attacks, which led to the conflicts in Afghanistan and Iraq, global military spending surged by 45% during the last decade to an all-time high of $1.46-trillion in 2008.
While the United States is the world’s military power at 41.5% of total expenditures and close to 70% control of the global market for arms exports, faster-growing economies and the proximity of many geopolitical hot spots has made the developing world the most rapid area of growth.
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My Comment: if you want to know who is making a buck in today's global arms race .... this article is for you.
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