Authors: Jonathan Caverley, and Ethan B. Kapstein
September/October 2012
Foreign Affairs
For two decades, the United States has dominated the global arms trade, reaping a broad range of economic and geopolitical benefits in the process. But shortsighted decisions to produce expensive, cutting-edge weapons systems, rather than cheaper, more practical ones, are squandering this monopoly and letting other countries get into the market.
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