Since the end of the Cold War, most of the world’s militaries have downsized. But in recent years, a few countries have been bulking up. In this week’s List, FP takes a look at the countries that are going large while everyone else is slimming down.
People’s Republic of China
Annual military budget: $103.9 billion (2005 estimate)
United States of America
Annual military budget: $481.4 billion (FY 2008 estimate)
Republic of South Africa
Annual military budget: $3.69 billion (2005 estimate)
Bolivarian Republic of Venezuela
Annual military budget: $1.67 billion (2005 estimate)
Republic of India
Annual military budget: $21.7 billion (2005)
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