Developing Countries and Trade Dissertation

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Global arms trade is an industry that is massive in the global arena as it is built on the foundation of having robust and continuing demand that is arising from the expenditure of military personnel. Moreover, this phenomenon includes new weapons systems procurement and refurbishment. Research shows that there are governments that spend more on military as compared to their infrastructure, health care, and development projects. Today, the proliferation of cheap weapons in countries like South Korea, Brazil, and Turkey that arms exporters consider as good. The occurrence of such an event sets to place America's dominance of the trade at a greater risk. For America producers, the repercussions will include grave economic situations if such arms exporters infiltrate the trade. Moreover, this will mean that Washington's global sway will encounter negative ramifications.

When the global arms market is flooded with relatively cheap and highly capable machinery systems, it is bound to increase the conflict profitability. In most cases, the conflict in question will be more high-tech, and this implies that the effects would be more devastating. In conceptualizing this trade, it is important to understand who produces, who buys and who benefits from the product. In the past three decades, the number of countries engaging in the production of weapon systems around the world has expanded significantly. For example, in Korea, they are producing lightweight fighter jets (T-50) and armored vehicles plus artillery systems. South Africa is also seen to be in the massive production of air-to-air missiles. From this survey, it is evident that many of the countries in the globe have managed to successful enter the market dealing with global arms. Nonetheless, the number of arms that these countries have handled on a global scale is relatively small, unlike the United States.

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Reports show that the 1% value of arms deliveries in the world for ten countries was registered between 2000 and 2014. Contrastingly, in the same period, America managed to export arms that were worth U.S.$110 billion, which captures nearly one-third of the global market (Stockholm International Peace Research Institute, 2012). The West European exporters who comprise Germany, France, the United Kingdom and Italy combined accounted for around twenty-two percent. On average, China's global arms trade is only around five percent.

The dealers of armor are seen to be selling power regarding acquiring the authority to challenge a country's status quo, back a regime, and legitimacy lent to an idea by a gun. In this respect, it is evident that industries continue to enjoy substantial annual revenues that exceed the GDP of small countries. Guns in the world of today are power and legitimacy symbols that are highly prized, and this has led to businesses selling the product indiscriminately because they are aware of enormous influence it has to the society. As such, traders in arms are implicated of giving support to ever-growing lists of armed juntas, violent coups and the plots of terrorists.

Who is buying and why?

Surveys have shown that from 2003 to 2010, the largest transfer agreements made of arms were geared to be delivered to developing countries. The biggest supplier became the United States who claimed forty percent; Russia was at twenty percent while the largest buyer is India at $5.8 billion weapons agreement in 2010. Estimates continue to suggest that India is bound to spend $9.63 billion on these agreements and its exporter Russia will supply eighty percent of the arms in question (Kramnik, 2012).

All in all, the people who benefit from all this.....

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