The Times of India reports that "world military expenditure fell in 2013 as the United States and other Western countries cut back, but spending in emerging economies grew, a Swedish think tank said on Monday."
"The 1.9 per cent global decline followed a 0.4 per cent drop in 2012, the Stockholm International Peace Research Institute (SIPRI) said."
"'The increase in military spending in emerging and developing countries continues unabated,' said Sam Perlo-Freeman, director of SIPRI's Military Expenditure Programme."
"'While in some cases it is the natural result of economic growth or a response to genuine security needs, in other cases it represents a squandering of natural resource revenues, the dominance of autocratic regimes, or emerging regional arms races.'"
"The world spent $1.75 trillion (1.26 trillion euro) on the military in 2013, according to SIPRI's data, which accounted for inflation."