Wednesday, December 13, 2006

The Dollar Auction Continues

An interesting read about the arms sale of usa to the third world countries.

From the Indian Economy Blog, by Atanu Dey:
It should come as no surprise that the US is selling arms to Pakistan.

“2,769 Radio Frequency TOW 2A missiles, 415 RF bunker buster missiles, fly-to-buy missiles in both these categories, 121 TOW launchers for wire-guided and wireless missiles, E-2C HAWKEYE 2000 Airborne Early Warning Systems, simulators and support equipment. Their total worth could be up to $1.04 Billion.”

According Daryl Kimball, executive director of the Arms Control Association, “The latest geo-strategic rationale for many US (arms) sales is the so-called war on terror…. US officials claim that the recent sale to Pakistan of F-16 jets with air-to-air missiles will help in the fight against Al Qaeda. In reality, they are for fighting India and they create a market for selling similar US fighters to India.”