The Global Arms Trade is written by a team of security experts drawn from around the world, analysing a phenomenon which has continued to flourish despite the end of the Cold War and the preoccupation with global terrorism after 11 September 2001. It provides a clear description and analysis of the demand for, and supply of, modern weapons systems, and assesses key issues of concern. The comprehensive and in-depth treatment of the subject establishes this volume as a standard reference on the subject. It is divided into sections which examine the demand for arms, the supply of arms and the key issues in the global arms trade. Part 1: Introduction. Develops the general conceptual framework by providing an overview of the global arms trade Part 2: Arms Modernization after the Cold War. Focuses on the demand for arms, in terms of defence spending, procurement and modernization Part 3: The Arms Industry after the Cold War. Examines the supply of arms, and the evolution, development of the arms industry, as well as its problems and prospects Part 4: Key Issues in the Global Arms Trade. Discusses the major issues arising from the arms trade phenomenon The global arms trade is a major area of academic and governmental enquiry. With chapters looking at World regions such as Asia, Europe and the Middle East, as well as individual countries, this book will be of particular use and interest to scholars of international relations and security studies, policy analysts and defence professionals.