Abstract
Purpose Arms and ammunition manufacturing, which plays an key role in defense security and economic development, has been heavily dependent on export performance due to the limited domestic market. The purpose of this study is to analyze the global trade network of the arms & ammunition market using the degree centrality index and visualization. Design/Methodology/Approach We used the data of 2020 international arms & ammunition trade statistics and network analysis methods. Findings The results showed that the US, EU, and Middle Eastern countries have great influence in the global arms & ammunition market. Such a result suggests that Korean arms & ammunition manufacturers need to expand into foreign markets such as the USA, Qatar, the UAE, Australia, Thailand, and India, which have higher in-centrality indices. Research Implications This study explored the degree of centrality and position of Korea in the global weapon & ammunition trade network. As a practical implication, Korean arms & ammunition manufacturers need differentiated trade strategies, such as strengthening defense cooperation and export offset.
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