OPPORTUNITY COSTS: Military Spending and the UNís Development Agenda
While the level of global military expenditure is today higher than ever, at an estimated $1738 billions per annum, many states fail to increase their foreign development aid to the UN target of 0.7% of GDP, and to tackle effectively their economic and social development challenges. To counter these imbalances, the International Peace Bureau advocates general reductions in excessive military spending and a shift of resources to projects addressing human needs, both domestic and international. This paper outlines the basic data in this field and makes the case for such a shift.
International Peace Bureau on 5:45 am, 10 Feb, 2014
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