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During the 1990s, military spending, arms procurement and defence industrialisation have all increased rapidly in East Asia. Although these developments do not constitute an arms race, they nevertheless have important implications for suppliers of defence equipment, for arms control and for regional stability. This paper assesses trends in the defence spending of East Asian states, particularly in the light of the economic crisis, which began in mid1997. It also focuses on three closelyrelated issues: the nature of the regional market for defence equipment; defence industrialisation; and the effect of trends in defence procurement and industrialisation on East Asian states' military capabilities, and on the regional military balance.
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⚠️ California Proposition 65 Warning: Some products sold on this website may expose you to chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm. For more information, visit www.P65Warnings.ca.gov.
