THE DECREASE IN WORLD MILITARY EXPENDITURE IN 2012 – A FIRST SINCE 1998 –
THE DECREASE IN WORLD MILITARY EXPENDITURE IN 2012 – A FIRST SINCE 1998 –
Author(s): Edouard PFLIMLINContributor(s): Iulia NASTASIE (Translator)
Subject(s): Supranational / Global Economy, Economic policy, Security and defense, Military policy, Peace and Conflict Studies
Published by: Centrul tehnic-editorial al armatei
Keywords: austerity policies; expenditure balance; Cold War; surface ships;
Summary/Abstract: In 2012, the US share of global W in 2011 and which accelerated in 2012, with a decline in US military expenditure by 6%. Since the global financial crisis of 2008, 18 of the 31 European Union and NATO member states have reduced military expenditure by more than 10%. In Europe, budgets are also declining. In France, in particular, the budget fell from 62,7 billion dollars in 2011 to 58,7 in 2012. According to the latest evaluations of defence budgets, the overall cut in defence expenditure is the consequence of significant cuts imposed by the crisis.
Journal: Romanian Military Thinking
- Issue Year: 2013
- Issue No: 2
- Page Range: 184-187
- Page Count: 4
- Language: English
