Worldwide spending on weapons is expected to reach record levels this year at a time when the arms industry is increasingly able to avoid export controls, human rights and aid agencies say in a report published yesterday.
By the end of the year, military spending is estimated to reach $1,058bn (£561bn), about 15 times the amount spent on international aid, say Amnesty, Oxfam, and the International Action Network on Small Arms (Iansa).
| That's total military spending, and the US is about 40% of that. Of course Oxam and Iansa think we're immoral to defend ourselves. | They claim that last year the US, Russia, Britain, France and Germany accounted for an estimated 82% of all arms transfers. Other countries are emerging as major exporters. Brazil, India, Israel, Singapore, South Africa, and South Korea have arms firms in the top 100, Amnesty says.
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