{"id":26891,"date":"2024-02-14T12:55:19","date_gmt":"2024-02-14T07:25:19","guid":{"rendered":"https:\/\/farratanews.online\/military-spending-surges-as-tensions-rise-across-the-globe-report-shows\/"},"modified":"2024-02-14T12:55:19","modified_gmt":"2024-02-14T07:25:19","slug":"military-spending-surges-as-tensions-rise-across-the-globe-report-shows","status":"publish","type":"post","link":"https:\/\/farratanews.online\/military-spending-surges-as-tensions-rise-across-the-globe-report-shows\/","title":{"rendered":"Military spending surges as tensions rise across the globe, report shows"},"content":{"rendered":"
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The world has entered an era of increasing instability as countries around the globe boost military spending, according to a new report released by the International Institute for Strategic Studies.<\/strong><\/li>\n
Key factors contributing to the deteriorating security environment include Russia’s invasion of Ukraine, Hamas attacks on Israel and China’s assertiveness in the South China Sea.<\/strong><\/li>\n
Global defense spending surged to $2.2 trillion last year, with NATO members notably increasing military expenditure by 32% since Russia’s 2014 invasion of Crimea.<\/strong><\/li>\n<\/ul>\n
The world has entered an era of increasing instability as countries around the globe boost military spending in response to Russia\u2019s invasion of Ukraine, the Hamas attack on Israel and China\u2019s growing assertiveness in the South China Sea.<\/p>\n
That\u2019s the conclusion of a new report released Tuesday by the International Institute for Strategic Studies, which also highlighted rising tensions in the Arctic, North Korea\u2019s pursuit of nuclear weapons and the rise of military regimes in the Sahel region of Africa as contributing to a “deteriorating security environment.” The London-based think tank has compiled its annual estimate of the global military situation for 65 years.<\/p>\n
“The current military-security situation heralds what is likely to be a more dangerous decade, characterized by the brazen application by some of military power to pursue claims \u2014 evoking a \u2018might is right\u2019 approach \u2014 as well as the desire among like-minded democracies for stronger bilateral and multilateral defense ties in response,\u2019\u2019 the report said.<\/p>\n
NEW FOCUS IN MILITARY SPENDING CAN KEEP PENTAGON STEP AHEAD OF CHINA: EXPERT<\/strong><\/p>\n
Global defense spending rose 9% to $2.2 trillion last year as Russia\u2019s full-scale invasion of Ukraine, now entering its third year, heightened concerns that China and other militarily powerful states may try to impose their will on neighbors, the IISS said.<\/p>\n