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Contents

SIPRI Yearbook 2010

SIPRI Yearbook 2010

III. Latin America

Chapter:
5. Military expenditure
Source:
SIPRI Yearbook 2010
Author(s):
Sam Perlo-Freeman, Olawale Ismail, Carina Solmirano

The effects of the global economic crisis on military spending in Latin America were varied in 2009. The crisis slowed previously high economic growth rates and reduced exports—the region’s GDP was projected to fall by 1.8 per cent and exports by 23 per cent in 200927—which affected state revenues, in particular in countries reliant on commodity exports. However, Latin America was less affected by the crisis than had been expected, largely due to a combination of current account surpluses, remittances from outside the region and expansionary fiscal policies.28

Citation (MLA):
Perlo-Freeman, Sam, Olawale Ismail, and Carina Solmirano. "5. Military expenditure." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2012. Web. 19 Jun. 2013. <http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-40.xml>.
Citation (APA):
Perlo-Freeman, S., Ismail, O., & Solmirano, C. (2012). 5. Military expenditure. In SIPRI, SIPRI Yearbook 2010: Armaments, Disarmament and International Security. Oxford: Oxford University Press. Retrieved 19 Jun. 2013, from http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-40.xml
Citation (Chicago):
Perlo-Freeman, Sam, Olawale Ismail, and Carina Solmirano. "5. Military expenditure." In SIPRI Yearbook 2010: Armaments, Disarmament and International Security, SIPRI. (Oxford: Oxford University Press, 2012). Retrieved 19 Jun. 2013, from http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-40.xml
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