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Tuesday, March 27, 2012
Asia Is Undergoing The Fastest Military Buildup On The Planet
Singapore has been one of the bigger spenders in the region since its rancorous split from Malaysia in 1965
The tiny island-state of Singapore, home to just over 5m people, has a well-deserved reputation as a quiet, clean-cut hub for banking, lawyering and golf. Yet beyond the fairways it bristles with weapons.
According to a report from the Stockholm International Peace Research Institute (SIPRI), Singapore is now the fifth-largest arms importer in the world, bested only by some obvious behemoths--China, India and Pakistan--plus South Korea.
Singapore accounts for 4% of the world's total spending on arms imports. Its defence spending per head beats every country bar America, Israel and Kuwait. This year $9.7 billion, or 24% of the national budget, will go on defence.
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