Military Spending During Global Economic Crisis
Posted by Arab American Encyclopedia-Hasan Yahya
The global financial and economic crisis resulted in many nations cutting back on all sorts of public spending, and yet military spending continued to increase. Only in 2012 was a fall in world military expenditure noted-and it was a small fall. How would continued spending be justified in such an era? A question posed by Sam Perlo-Freeman, Olawale and Carina Salmirano, 2010.).
A combination of factors explained increased military spending in recent years before the economic crisis as earlier SIPRI has also noted, for example: foreign policy objectives: real or perceived threats: armed conflict and policies to contribute to multilateral peacekeeping operations; and availability of economic resources in the case of China and India. Where China and India have seen their economies boom in recent years. China for the first time ranked number 2 in spending in 2008. However, the United States led the rise in military spending, but not alone. In fact, other countries data shows 65% increased their military spending in 2009. The 19 states in the G20 saw increases in military spending also in 2009. AAE
Facts on US compared with the world nations in military spending:
- US military spending account for 39% percent, or almost two-fifths of the world’s total military spending.
- US military spending is almost 4 times more than China, almost 8 times more than Russia, and about 70 times more than Iran.
- US military spending is some 54 times of (Cuba, Iran, and Syria) whose spending amounts to around $12-13 billion.
- The United States and its strongest allies (the NATO countries, Japan, South Korea and Australia) spend something in the region of $1.2 trillion on their militaries combined, representing over 70% percent of the world’s total.
- The Iran, Syria, Russia and China together account for about $260 billion or 39% percent of the United States military budget.
Source: Sam Perlo-Freeman, Olawale and Carina Salmirano, Military Expenditure, Chapter 5, SPIRI Year Book-June 2010.p.1l.
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Hasan Yahya is an Arab-Palestinian-American theorist, sociologist, philosopher, writer and historian. He’s a former professor of Comparative Sociology and Educational Administration at Michigan State University, Lansing Community and Jackson Community Colleges. He is the Board Editing member at International Humanities Studies (IHS) Journal (Jerusalem-Spain) and several other USA, journals. Dr. Yahya is the originator of Arab American Encyclopedia and Ihyaa al Turath al Arabi fil Mahjar-USA. His (260 plus) publication may be observed on Amazon and Kindle. To reach the writer: Email: firstname.lastname@example.org
Dr. Yahya Credentials: Ph.D in Comparative Socioloy 1991, Michigan State University. Ph.D in Educational Administration, Michigan State Univ.(1988). M.A Psychology of Schools Conflict Management, Michigan State Univ. 1983. Diploma M.A, Oriental Studies, St. Joseph Univ. Beirut, Lebanon. (1982) B.A Modern and Classical Arab Literature, (1976). Life Achievements: Publishing 260 plus Books and 1000 plus articles.
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