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Asia-Pacific arms spending to outstrip North America’s by ’21: analysts
Japan Times ^ | 06/28/2013 | AFP

Posted on 06/28/2013 1:05:16 AM PDT by TexGrill

LONDON – Defense budgets in the Asia-Pacific region will overtake the U.S. and Canada combined by 2021, according to a study by respected analysts published by IHS Jane’s.

Weapons spending in China and regional neighbors is expected to rise 35 percent above its 2013 level to $501 billion by 2021, outstripping North America, the Balance of Trade study concluded.

Overall, the global arms trade bucked the economic downturn to increase 30 percent between 2008 and 2012, from $56.5 billion to $73.5 billion. “At this rate, defense trade between countries will have more than doubled by 2020,” the study said.

The U.S. remained the world’s biggest exporter of weapons last year with $28.5 billion, up from $20.1 billion four years earlier. But India was the world’s biggest importer of arms, posting a giant leap of 70 percent since 2008, from $3.1 billion to $5.3 billion.

While spending in Asia rose, it fell back in Western Europe, where exports were sharply down — its 34.5 percent share of the export market in 2008 fell to 27.5 percent in 2012.

“Two things are happening. Budgets are shifting east and global arms trade is increasing competition,” said Paul Burton at IHS Jane’s. “This is the biggest explosion in trade the world has ever seen.”

(Excerpt) Read more at ...

TOPICS: Business/Economy; Foreign Affairs; Japan; News/Current Events
KEYWORDS: japaneconomy
What, Bathouse Barry not gonna boost spending for his Rainbow Warriors? Maybe Obummer is replacing the ammo with condoms and that might not technically count as military spending.
1 posted on 06/28/2013 1:05:17 AM PDT by TexGrill
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To: TexGrill

I see no reason to defend the US any longer.


2 posted on 06/28/2013 1:18:46 AM PDT by NoLibZone (There is only one solution: Secession by the Red states.No need to be in the NYC union.)
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To: TexGrill

Most of the gear is fighting “the last war” mentally.

Wikileaks is attacking the NSA. Lulzsec is attacking Wikileaks. Anonymous is attacking various groups.

Other groups are pushing a “Global Warming” hoax.

The Vatican just lost a Pope to a gay mafia.

The Russian crime mafia just got shaken down in Cyprus with their money getting seized.

Other stateless actors such as Al Qaeda are attacking in Syria and Afghanistan.

The whole concept of “nations” waging war misses what is going on behind closed doors of Central Banks.

3 posted on 06/28/2013 1:23:05 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: NoLibZone

You mean you’re not going to join Bathouse Barry’s Rainbow Warriors? You can enlist in the Rear Pansy Division.

4 posted on 06/28/2013 1:24:58 AM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill

Here’s my view of the next war. Traditional air forces and navies will be wiped out early on; mostly by autonomous weapons. There will no longer be air superiority. Both sides will launch swarms of autonomous machines that will cover each other’s territory around the clock. They’ll refuel and rearm in the air. They’ll be anywhere from house-fly sized to 1959 Cadillac sized. But towards the end only the smaller more numerous vehicles will survive by virtue of being small. The same will be true of navies. For the citizens virtually all aspects of life will be affected. EMP will take out anything electronic. It will be periodic and ongoing so that by the end nothing electrical will be functional. Satellites will no longer work. No GPS, no international communications. Probably biological and chemical attacks will be common. Victory will go to the side that survives.

5 posted on 06/28/2013 1:57:51 AM PDT by Gen.Blather
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To: Gen.Blather

While your analysis is generally correct, try to contradict the bribes flowing into Congress from the heavy-engineering firms that produce tanks, aircraft carriers, and suchlike.

To see what the future holds, read William Gibson. The man is a prophet. His vision is already coming true.

6 posted on 06/28/2013 4:52:14 AM PDT by warchild9
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To: warchild9

“While your analysis is generally correct, try to contradict the bribes flowing into Congress from the heavy-engineering firms that produce tanks, aircraft carriers, and suchlike.”

We will continue to produce obsolete arms due to the power of their manufacturers. At the end of the Civil War Congress forced the Army to buy single shot muzzle loaded muskets which were so obsolete they were never issued. I have one in new, unused condition. The same will be true for manned aircraft and huge ships, which will be sunk in gross lots. Congress has twice authorized funding to keep open the heavy tank facility in Lima, Ohio even though the Army does not intend to continue buying heavy armor and is trying to close the facility.

7 posted on 06/28/2013 5:38:23 AM PDT by Gen.Blather
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