January 24, 2012
Rising Military Spending in Latin America
SIPRI, Stockholm International Peace Research Institute
Military spending has risen considerably in Latin America and the Caribbean in recent years and several states in the region are engaged in major arms acquisition programmes. Despite generally positive interstate relations, fears have been expressed about the impact of these developments on regional stability and poverty-reduction efforts. Allaying such fears requires high levels of transparency in military spending and arms acquisitions in order to build confidence among states and permit informed public debates on the appropriate allocation of national resources.
TAGGED: Latin America