What I Learned This Week

The global arms race is intensifying. What are the implications?

In WILTW August 4, 2016, we warned that global military expenditure was beginning to rise for the first time in five years and recommended the sector. Military spending is growing worldwide in virtually all regions, calculates The Stockholm International Peace Research Institute (SIPRI). In 2016, the world’s top 100 arms manufacturers recorded their first annual sales increase since 2010, and in 2017, total global military spending reached $1.739 trillion—the highest level since the end of the Cold War. The pace of investment is likely to accelerate. President Trump is pressuring NATO countries to double their defense spending to 4% of GDP—two-times the spending target that only a few have…

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