It’s often said that war is good for business.
Conflicts drive up demand for weapons, defence equipment and soldiers.
It appears last year was a bumper year.
The Stockholm International Peace Research Institute says global military spending grew to nearly two trillion dollars, a 3.6 percent increase on 2018 and the highest level rise in 10 years.
Five countries – the US, China, India, Russia and Saudi Arabia – account for more than 60 percent of the expenditure.
Will the upward trend continue as the coronavirus pandemic devastates the world’s economies?
Presneter: Bernard Smith
Guests:
Pieter Wezeman – Senior Researcher of the Arms and Military Expenditure Programme at the Stockholm International Peace Research Institute
Adam Ni – Director of the Australia-based China Policy Centre
Andrew Smith – Spokesman for the Campaign Against Arms Trade
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