A Summer of Proxy Wars - DEMAND for Defense
Jeffrey C. Borneman | March 27, 2015
Two major proxy wars are now noticeably visible - the possibility of escalatation is high enough for them to merge. One is the Eastern Ukraine pitting the US against Russia; the other in the Saudi Penisula pitting Saudi Arabia against Iran.
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"Defense trade rose by a landmark 13.4 percent over the past year," said Ben Moores, senior defense analyst at IHS Aerospace, Defense and Security, in a press statement. "This record figure has been driven by unparalleled demand from the emerging economies for military aircraft and an escalation of regional tensions in the Middle East and Asia Pacific."
The U.S., further, is the top profiteer from rising conflict across the Middle East, accounting for $8.4 billion in exports to this region in 2014, compared to $6 billion the previous year.
Meanwhile, U.S. allies in the expanding war against ISIS are boosting their weapons imports significantly.
Saudi Arabia blew past India to become the number one weapons and military equipment importer in the world. Analysts predict that, in 2015, Saudi Arabia will account for one of every seven dollars spent on such imports.