World Military Spending
J. Bradford DeLong
delong@econ.berkeley.edu
http://www.j-bradford-delong.net/
August 2001
- The U.S. and its allies--the NATO powers, Japan, South Korea, Taiwan, Australia, and so forth--account for more than 70 percent of world military spending today.
- Potential "adversary" powers--Libya, Serbia, Iran, Iraq, North Korea, Sudan, et cetera--account for an absolutely trivial share of world military spending.
- Even Russia and China are outspent more than ten to one by the U.S. and its allies.