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Contents

SIPRI Yearbook 2010

SIPRI Yearbook 2010

VIII. Conclusions

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

The long-term rise in global military expenditure continued—indeed, accelerated—in 2009. The global financial crisis and economic recession have not slowed this rise, even though spending on the military has not been widely included in government’s economic stimulus packages. However, in the near future governments will have to reduce their public sector deficits. When the cuts take place will depend on governments’ overall economic strategies—the balance between reducing deficits and the fear of jeopardizing economic recovery by cutting too quickly; whether the resulting spending cuts affect military expenditure will depend on the degree of priority given to the military. A number of smaller economies, less able to sustain high deficits, have already cut military spending as a result of the crisis.

Citation (MLA):
Perlo-Freeman, Sam, Olawale Ismail, and Carina Solmirano. "5. Military expenditure." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 16 Dec. 2018. <http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-45.xml>.
Citation (APA):
Perlo-Freeman, S., Ismail, O., & Solmirano, C. (2016). 5. Military expenditure. In SIPRI, SIPRI Yearbook 2010: Armaments, Disarmament and International Security. Oxford: Oxford University Press. Retrieved 16 Dec. 2018, from http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-45.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, 2016). Retrieved 16 Dec. 2018, from http://www.sipriyearbook.org/view/9780199581122/sipri-9780199581122-div1-45.xml
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