Study: Global Military Spending Drops, but Not in Emerging Countries

Posted April 14, 2014 at 8:31am

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.”