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INDEPENDENT, UK - The burgeoning world of private military companies
[is] arguably the fastest-growing industry in the global economy. The
sector is now worth up to $120bn annually with operations in at least 50
countries, according to Peter Singer, a security analyst with the
Brookings Institution in Washington. "The rate of growth in the security
industry has been phenomenal," says Deborah Avant, a professor of
political science at UCLA. The single largest spur to this boom is the
conflict in Iraq. . .
The mercenary trade comes with its own business jargon. Guns for hire
come under the umbrella term of privatized military firms, with their
own acronym PMFs. The industry itself has done everything it can to shed
the "mercenary" tag and most companies avoid the term "military" in
preference for "security. . .
http://news.independent.co.uk/world/middle_east/article2984818.ece
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INDEPENDENT, UK - The burgeoning world of private military companies
[is] arguably the fastest-growing industry in the global economy. The
sector is now worth up to $120bn annually with operations in at least 50
countries, according to Peter Singer, a security analyst with the
Brookings Institution in Washington. "The rate of growth in the security
industry has been phenomenal," says Deborah Avant, a professor of
political science at UCLA. The single largest spur to this boom is the
conflict in Iraq. . .
The mercenary trade comes with its own business jargon. Guns for hire
come under the umbrella term of privatized military firms, with their
own acronym PMFs. The industry itself has done everything it can to shed
the "mercenary" tag and most companies avoid the term "military" in
preference for "security. . .
http://news.independent.co.uk/world/middle_east/article2984818.ece
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