POLICY COMPASS

Economic Giants, Military Titans: Analysing the Global Arms Race in the 21st Century

by Sarah Ghotme

10 April 2024

In this paper we discuss:

• the mounting geopolitical tensions around the world;
• the need for many countries to increase their defence spending;
• the military expenditure by US compared to other top-spending countries; and
• the military expendiduture by country, including the US, China and Russia.

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Download PDF: Global Arms Race - April 2024

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