Will World Military Spendings 2012 increase or decrease ?
Settled on 04/27/2013 05:06 by Josef Biesenberger
settled question on option 'Decrease'.
Global defence spending, according to figures from the Stockholm International Peace Research Institute (SIPRI), reached $1.738bn dollars in 2011. The figure is actually higher than that of 2010, but in real terms, the figure remained essentially unchanged, due to the falling value of the dollar and price changes. What stands out, however, is that for the first time in 13 years, military spending has not increased but in fact levelled out.
Total military spending levelling out is the result of a mixture of economic and security patterns, largely balancing a decline caused by austerity measures in the US and western Europe against substantially increased expenditure in the Middle East thanks to the Arab Spring, as well as more moderate increases in Asia, Oceania, Africa and Latin America.
According to Dr Sam Perlo Freedman, SIPRI Military Expenditure Project head, it is too early to say whether the flattening of military spending in 2011 represents a long-term trend change.
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