Tags Military Balance

Tag: Military Balance

IISS: Defense Spending Increasing Worldwide, but Declining in Europe, US

The World Military Balance 2013 published by the International Institute of Strategic Studies (IISS) reflects the recent trends in the global redistribution of military power. Reflecting the subdued global economic climate, total defence spending fell in real terms in 2012 for a second year running. However, real increases were seen in the Middle East and North Africa, Russia and Eurasia, Latin America and in Asia, while real declines were seen in North America and Europe.