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Contents

SIPRI Yearbook 2010

SIPRI Yearbook 2010

IV. The limited impact of the financial crisis on the arms industry

Chapter:
6. Arms production
Source:
SIPRI Yearbook 2010
Author(s):
Susan T. Jackson

The fallout from the 2008 financial crisis and the ensuing recession has been less immediate and has had a less direct impact on arms sales than experienced in other industries. While both industrial production and global trade in merchandise declined sharply in late 2008 and in 2009, and business and consumer confidence collapsed, the sales of arms-producing companies were still strong.58 Company strategies remained broadly the same as before the crisis. The few government stimulus packages that were directed at the arms industry were relatively small compared to the overall total stimulus. Several factors insulated the arms industry from the full force of the crisis and recession, including high levels of military spending, the monopsonistic character of the arms market, and the ongoing conflicts in Afghanistan and Iraq.59

Citation (MLA):
Jackson, Susan T.. "6. Arms production." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 16 Dec. 2018. <http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-54.xml>.
Citation (APA):
Jackson, S. (2016). 6. Arms production. In SIPRI, SIPRI Yearbook 2010: Armaments, Disarmament and International Security. Oxford: Oxford University Press. Retrieved 16 Dec. 2018, from http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-54.xml
Citation (Chicago):
Jackson, Susan T.. "6. Arms production." In SIPRI Yearbook 2010: Armaments, Disarmament and International Security, SIPRI. (Oxford: Oxford University Press, 2016). Retrieved 16 Dec. 2018, from http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-54.xml
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