Sunday, March 25, 2012
Development and military expenditure
A quote from this week's Economist: "Military analysts at IHS Jane’s say that South-East Asian countries together increased defence spending by 13.5% last year, to $24.5 billion. The figure is projected to rise to $40 billion by 2016. According to SIPRI, arms deliveries to Malaysia jumped eightfold in 2005-09, compared with the previous five years. Indonesia’s spending grew by 84% in that period."
The full article is HERE.
What. if anything, should this imply for development expenditure? I must confess, I am actually not at all sure. Does it matter in any way at all? Thoughts?