U.S. Expands Lead in Shrinking Arms Market

By Andrew Fisher

In the midst of a global recession that reduced the global demand for weapons, the United States managed to expand its share of worldwide arms agreements significantly in 2008, according to a September report by the Congressional Research Service (CRS). Last year, developing countries continued to be the most important markets for arms sales, the report said.In the midst of a global recession that reduced the global demand for weapons, the United States managed to expand its share of worldwide arms agreements significantly in 2008, according to a September report by the Congressional Research Service (CRS). Last year, developing countries continued to be the most important markets for arms sales, the report said.

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