2008 global arms spending hits record
China Daily | Updated: 2009-06-09 07:55
STOCKHOLM: Global military spending reached a record $1,464 billion last year with the United States taking up by far the biggest share of the total, Stockholm International Peace Research Institute (SIPRI) said yesterday.
Arms shipments were up 4 percent worldwide from 2007 and 45 percent higher than in 1999, the think tank said in its annual study of the global arms trade.
"The idea of the 'war on terror' has encouraged many countries to see their problems through a highly militarized lens, using this to justify high military spending," Sam Perlo-Freeman, head of the Military Expenditure Project at the think tank said in a statement.
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