Arms Trade Is Big Business - Research Paper Example

In fact they are spending even more to strengthen their military assets than on health and social development sectors. There has started a race of arms among all the countries a craze of gaining ultimate power and influence.1 There can be no denial to the fact that arms trading involve huge investments and great boost for economy. Millions of dollars are earned every year from the arm trading deals. With the export of arm, huge amounts are invested for the up gradation of security as well as on research and development.

2 The other major benefit of arms dealing is national security and defense. It has always been and still is the main concern of every country. On this plead only a huge sum is spent by every single country to gain access to the most up to date and modern technology in the field of arms and weapons. Huge sums are also being spent in creating most effective weapons of mass destruction that can annihilate maximum percentage of enemy area in minimum time. In order to gain power in a certain area countries help each other by trading arms among each other to gain power and influence upon other countries in that area that pose threat to them.

Along with this, arms trading provide jobs opportunities. A huge number of people are involved in this weapon making business, supporting number of families.3 With the positive aspects of making economy flourish, providing employment as well as ensuring security on national level, arms trading negative impacts on overall humanity cannot be ignored. An immense number of people are dying due to this legal as well as illegal trading of arms. It is the main threat to global peace as it is endangering civilization on everyday basis.

The impact of nuclear bombings on Japans should have been a wakening call to the world, but in fact it has increased the battle of obtaining the most destruction able weapons. The influential nations sell arms to the third world in order to spend money to create even more disastrous weapons than are sold. While the third world countries are trying to create their defense stronger to protect themselves from the foreign invasion, and so are trying to spend every dime on the procurement of deadliest weapons they can lay their hands on.

As the former U.S. President, Dwight D. Eisenhower, so rightly put the whole situation, in a speech on April 16, 1953, by saying “every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. The world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children…This is not a way of life at all, in any true sense.

Under the cloud of threatening wall, it is humanity hanging from a cross of iron.”4 His words so rightly justifies the scenario of the present world, where children are dying of hunger and cold and the people elected to provide for their needs are busy making weapons and bringing the world to the brink of another deadliest ever war. With every trade of weapon, the looming sense of danger gets stronger. This weapon traded has no surety of being