In 2008, world military expenditure was estimated to have reached $1.464 trillion in current dollars. Not surprisingly, the United States is the principal determinant of this current world trend with its military expenditure now accounting for just under half of the world’s total.
SIPRI – an independent research institute focusing on international security, arms control, and disarmament – concludes increases in military spending is due to additional factors such as foreign policy objectives, real or perceived threats, armed conflict in peacekeeping operations and the availability of economic resources.
In recent years, with China and India rapidly developing, they have become great destinations for international travel, stimulating economic growth even further, and enabling them to spend more of their budget on military expenses.
“Linking military spending to the GDP is an argument frequently made by supporters of higher military budgets… the question today is whether current military spending levels are necessary and whether these funds are going towards the proper priorities.” – Chris Hellman, The Runaway Military Budget: An Analysis, March 2006.
You can learn more by interning abroad or joining volunteer abroad projects designed to attain power balance and equality in order to create a more peaceful world.
Anup Shah, G8: Too Much Power?, Global Issues, Created: June 10, 2007
(to find out more about Link to Diversity, visit our website here. This article was featured here)
SIPRI – an independent research institute focusing on international security, arms control, and disarmament – concludes increases in military spending is due to additional factors such as foreign policy objectives, real or perceived threats, armed conflict in peacekeeping operations and the availability of economic resources.
In recent years, with China and India rapidly developing, they have become great destinations for international travel, stimulating economic growth even further, and enabling them to spend more of their budget on military expenses.
“Linking military spending to the GDP is an argument frequently made by supporters of higher military budgets… the question today is whether current military spending levels are necessary and whether these funds are going towards the proper priorities.” – Chris Hellman, The Runaway Military Budget: An Analysis, March 2006.
You can learn more by interning abroad or joining volunteer abroad projects designed to attain power balance and equality in order to create a more peaceful world.
Anup Shah, G8: Too Much Power?, Global Issues, Created: June 10, 2007
(to find out more about Link to Diversity, visit our website here. This article was featured here)
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