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Arms Trade and Economic Development
The arms industry is a global industry and business which manufactures and sell weapons and military technology and equipment. Arms producing companies, also referred to as defense companies or military industry, produce arms mainly for the armed forces of states. Some countries also have a substantial legal or illegal domestic trade in weapons also have a substantial legal or illegal domestic trade in weapons for use by its citizens. An illegal trade in small arms is prevalent in many countries and regions affected by political instability.
