Global Military & Defense Budgets: "
Via Global Issues:
* World military expenditure in 2008 is estimated to have reached $1.464 trillion in current dollars
* This represents a 4 per cent increase in real terms since 2007 and a 45 per cent increase over the 10-year period since 1999;
* This corresponds to 2.4 per cent of world gross domestic product (GDP), or $217 for each person in the world;
* The USA with its massive spending budget, is the principal determinant of the current world trend, and its military expenditure now accounts for just under half of the world total
‘When you’re a hammer, everything looks like a nail’
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(Via Prose Before Hos.)
