In: Economics
Explain why some countries end up being in the business of illegal arms trades. What would need to be done to stop these illegal arms trades?
The top five countries profiting from the arms trade are the five permanent members of the United Nations Security Council: the USA, UK, France, Russia, and China.The arm industry is Operates without any boundation.It also includes widespread corruption and bribes.It gains profit by the designing of those machines which kill and main of human beings.
Some countries end up business with being the illegal arms trades to ensure rhe allies security,as arms tranfer from those countries bring the security guarantees of that country.
This is a profitable business for traders in illegal weapons.These weapons cannot be traced back so one can easily use this for commit any crime.
These illegal deals are done for exchange of natural resources, agricultural goods and drugs,gain to oil fields,mines or tropical forest,sell the produced goods on international market and to secure a constant cash flow.
How can we stop these illagal arms trades?
Norms and promotes disarmament are develop in particular region by UNODA which includes the investigation of illegal flow of weapons.
Public awareness is the most effective factor to stop the business of illegal arms trades.
Some NGOs are also working on the issue of illegal arms trades.