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

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.”

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