Abstract
In the last 20 years or so, the production of conventional armaments in countries of the Third World has increased markedly. The main considerations are political; economically, there is only limited support for such investments. Over time, though, economic interests tend to become entrenched and to sustain domestic production. The predominant question of independence from foreign suppliers of weaponry has two aspects: first, short-run independence in ammunitions, in which Third World arms production has been rather successful; and, second, long-run independence from inflows of technology and know-how, in which only a few producers have made advances. While domestic arms production reduces a barrier for arms control in the Third World, so far the impact on international security has not been positive.

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