Where can we found the World’s Biggest Military Buildups?
Since the end of the Cold War, most of the world’s militaries have downsized. But in recent years, a few countries have been bulking up. In this week’s List, FP takes a look at the countries that are going large while everyone else is slimming down. China is buildling up, with a budget above 100 Billion, but is still nowhere near the US’s 4.8 billion dollar budget. Other forerunners include India, South Africa, and Venezuela. Sources: http://www.foreignpolicy.com/story/cms.php?
The Taiwan Strait. China is determined to use its new wealth to modernize its armed forces, and a possible battle with the United States over Taiwan is the main motivating factor. What they’re spending on: Weapons and military technology. Between 2002 and 2006, China purchased over $14.6 billion in arms. Between 2001 and 2005, China increased its annual military budget by nearly 126 percent. In addition to buying a few destroyers and submarines from Russia, China has also been developing its own nuclear-powered submarines that can fire off nuclear ballistic missiles. At its current rate of military expansion, China could have the world’s largest navy by 2020. Earlier this year, the Chinese also performed an unannounced test of a new antisatellite missile that drew fierce criticism from the United States and the international community. Sources: http://www.foreignpolicy.com/story/cms.php?
Since the end of the Cold War, most of the world’s militaries have downsized. But in recent years, a few countries have been bulking up. In this week’s List, FP takes a look at the countries that are going large while everyone else is slimming down. GUANG NIU/Getty ImagesPeople’s Republic of China Annual military budget: $103.9 billion (2005 estimate) What they’re spending on: Weapons and military technology. Between 2002 and 2006, China purchased over $14.6 billion in arms. Between 2001 and 2005, China increased its annual military budget by nearly 126 percent. In addition to buying a few destroyers and submarines from Russia, China has also been developing its own nuclear-powered submarines that can fire off nuclear ballistic missiles. At its current rate of military expansion, China could have the world’s largest navy by 2020. Earlier this year, the Chinese also performed an unannounced test of a new antisatellite missile that drew fierce criticism from the United States and the int
