A.V.
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Worldwide military expenditure in 2008 totalled an estimated US$1,464 billion, according to new figures released today by Stockholm International Peace Research Institute (SIPRI). This represents an increase of 4 per cent in real terms compared to 2007, and an increase of 45 per cent since 1999. SIPRI today launched the 2009 edition of its Yearbook on Armaments, Disarmament and International Security.
The Yearbook shows that the USA accounted for the majority (58%) of the global increase between 1999 and 2008, with its military spending growing by $219 billion in constant 2005 prices over the period. Even so, it was far from the only country to pursue such a course. China and Russia, with absolute increases of $42 billion and $24 billion respectively, both nearly tripled their military expenditure over the decade. Other regional powers—particularly India, Saudi Arabia, Iran, Israel, Brazil, South Korea, Algeria and the UK—also made substantial contributions to the total increase.
‘The idea of the “war on terror” has encouraged many countries to see their problems through a highly militarized lens, using this to justify high military spending,’ comments Dr Sam Perlo-Freeman, Head of the Military Expenditure Project at SIPRI. ‘Meanwhile, the wars in Iraq and Afghanistan have cost $903 billion in additional military spending by the USA alone.’
ps-link withheld...
The Yearbook shows that the USA accounted for the majority (58%) of the global increase between 1999 and 2008, with its military spending growing by $219 billion in constant 2005 prices over the period. Even so, it was far from the only country to pursue such a course. China and Russia, with absolute increases of $42 billion and $24 billion respectively, both nearly tripled their military expenditure over the decade. Other regional powers—particularly India, Saudi Arabia, Iran, Israel, Brazil, South Korea, Algeria and the UK—also made substantial contributions to the total increase.
‘The idea of the “war on terror” has encouraged many countries to see their problems through a highly militarized lens, using this to justify high military spending,’ comments Dr Sam Perlo-Freeman, Head of the Military Expenditure Project at SIPRI. ‘Meanwhile, the wars in Iraq and Afghanistan have cost $903 billion in additional military spending by the USA alone.’
ps-link withheld...