title: Understanding the arms trade
abstract: After the end of the Cold War, the study of the arms trade fell into decline due to anticipation of a peace dividend following the end of superpower rivalry between the Soviet Union and the United States. However, the reality has been that arms spending and procurement have continued to increase in the post-Cold War period. The increase in military expenditure has been accompanied by the procurement of weapons systems of increasing range, capability and sophistication, thus ensuring not just the
journal: Edward Elgar Publishing eBooks