Search This Blog

Friday, March 09, 2012

Asia to surpass Europe on defense spending

[J-10 (Jian 10)]Defense expenditure in Asia is expected to exceed such spending in Europe this year, a leading think tank had said.

In its annual Military Balance report, the International Institute for Strategic Studies said that on the current trend defense spending in the Asian region -- which includes China, Japan, India and Australia -- will likely overtake that of Europe in nominal terms during 2012.

IISS Chief Executive John Chipman on Wednesday said, "While the West reduces its spending on defense, Asia is becoming increasingly militarized, as a result of rapid economic growth and strategic uncertainty."

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.