UN: Private security on track to earn $244B by 2016

UNITED NATIONS — The United Nations says that the private military and security business is growing by 7.4 percent a year and on track to become a $244 billion global industry by 2016. The United States is the biggest single spender on private security.

While most of that business is not illegal, independent U.N. expert Anton Katz says there are still vestiges of shadowy “dogs of war” activity.

His report Monday to the U.N. General Assembly cites alleged mercenaries, some from Eastern Europe and Africa, brought in by Libyan dictator Moammar Gadhafi in 2011 to try to crush the uprising there.

The report also drew attention to mercenary threats to Ivory Coast from the Liberian border area.

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