By A. Trevor Thrall and Caroline Dorminey, includes “… We argue that the economic benefits of arms sales are dubious and that their strategic utility is far more uncertain and limited than most realize. … Thanks in part to this congressional apathy, the risk assessment requirement has generally not restrained the United States from selling weapons even to countries that should not receive them. The law states: 'Decisions on issuing export licenses … shall take into account whether the export of the article would contribute to an arms race … increase the possibility of outbreak or escalation of conflict …'”
Read the full article on: Cato Institute