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Words: | Submitted: Mon Jun 19 2006
... of military equipment. Let us take Britain, which continues to rank as one of the world's largest arms exporter (WMEAT, P.470) as an example. The British government claims, " support for military exports helps employment, bring budgetary savings, benefit the balance of trade and deliver other wider economic benefits." (http://www.deso.mod.uk/policy.htm) Since 1995, three reports have begun to estimate the overall net costs to government of engaging in this kind of activity. Estimates vary mainly because of different approaches to research and development spending but they all show that exports benefit from considerable subsidies- between 228 million pounds up to a possible 990 million pounds per annum. (WDM, 1995) It is obviously to see that with larger export of the military equipment, there is always a great profit coming with. Furthermore, the British government claims that " defence exports help support a strong UK defence industry and contribute to the security ...
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