World Military Spending

J. Bradford DeLong

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.

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