An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, March 3, 2016
Jeff Desjardins — The Militarization of the Middle East in Numbers
The global arms trade is huge. While it’s hard to pin down an exact value of arms transfers, the Stockholm International Peace Research Institute estimates that the number was at least $76 billion in 2013, with the caveat that it is likely higher.
The volume of transfers have been trending upwards now for roughly 15 years now. But where are these arms going? The answer is that they are increasingly going to militarize the Middle East, which has increased imports of arms by 61% in 2011-2015, compared to the previous five year period.…
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