- Pfc. Bradley Manning is now Pfc. Chelsea Manning: Court says so
- Secret base U.S. special forces used to train Libyans now under terrorist control: report
- 9th suspect in N.C. kidnapping turns self in to FBI
- L.A. sheriff admits to testing flyover spy program without notifying residents
- Foreign minister vows response if Russians are attacked in Ukraine
- Robert Griffin III to drive pace car before Richmond NASCAR race
- Material on Australian shore examined in jet hunt
- Bomb, shooting in Egypt kills 2 police officers
- Tenn. woman receives two-year sentence for stealing $364K meant for homeless veterans
- School bus driver gets probation after kicking autistic girl, 8
Aggressive Asian military spending driving global arms ‘explosion’
Massive military spending in the Asia-Pacific region is driving an “explosion” in the global arms trade and will exceed the size of America’s defense budget within a decade, according to a study of trends in global defense spending.
Annual defense spending by China, India, Indonesia and other Asian nations will rise 35 percent to $501 billion by 2021, compared to a 28 percent fall in the United States to $472 billion over the same period, says the study, “The Balance of Trade,” published by IHS Janes.
“Budgets are shifting East, and global arms trade is increasing competition,” said Janes’ Paul Burton. “This is the biggest explosion in [the arms] trade the world has ever seen.”
At current rates, he added, global trade in military hardware will more than double by 2020.
The study also says Israel will pass the United States as the world’s largest exporter of unmanned drone aircraft this year and will be exporting twice as many as U.S. drone companies by the end of next year.
In 2012, the United States led exporters of unmanned aerial systems, as their manufacturers call them. American firms sold U.S. allies $430 million worth of drones, making up 13 percent of sales since 2008. Over the same period, Israeli exports grew nearly 50 percent to $238 million, and are set to neatly double again this year to exceed the United States, the study shows
One of the study’s authors, Guy Anderson, warned the United States and its western allies are in danger of losing the technological lead they enjoyed over defense industries in Asia, the Middle East and the rest of the world.
“Low-end defense equipment dominates the global market now,” said Mr. Anderson, pointing to growing demand from Africa and elsewhere for competitively priced but technically outmoded weapons systems.
As a result, China’s exports have doubled over the past five years, according to the study.
“But the West’s edge on technology will erode this decade as Asia outspends the United States and Europe,” Mr. Anderson added.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
Shaun Waterman is an award-winning reporter for The Washington Times, covering foreign affairs, defense and cybersecurity. He was a senior editor and correspondent for United Press International for nearly a decade, and has covered the Department of Homeland Security since 2003. His reporting on the Sept. 11 Commission and the tortuous process by which some of its recommendations finally became ...
- Senator's memo shows Iran links in Homeland Security's troubled immigration program
- Help wanted: Homeland Security plagued by vacancies at the top
- Dems back bill to fix problems in investor visa program
- Democrats proceed with Mayorkas vote despite pending investigation
- Game players don't think peace has a chance in Syria
Latest Blog Entries
TWT Video Picks
Feds who send arms against ranch families betray American values
- Nevada rancher Cliven Bundy hailed as patriot, ripped as lawless deadbeat
- CARSON: When government looks more like foe than friend
- Pentagon plans to replace flight crews with 'full-time' robots
- America is an oligarchy, not a democracy or republic, university study finds
- Texas is next! AG warns BLM wants 90,000 acres after Bundy ranch standoff
- IRS revokes conservative group's tax-exempt status over anti-Clinton statements: report
- Tactical advantage: Russian military shows off impressive new gear
- Justice Dept.'s new clemency guidelines: Crack offenders most obvious candidates
- Ukraine claims torture by pro-Russian forces on the heels of Biden's stern warning to Moscow
- EDITORIAL: Voting with one's feet shows folly of liberal economic policies
Top 10 handguns in the U.S.
Celebrity deaths in 2014