The recently released 2005 yearbook from the Stockholm International Peace Research Institute reviews armament, disarmament, and international security. At its release a spokesperson for the institute said, “Today’s world cannot be secure without security for all, yet the events of the past few years have done little to bring global solutions closer.”
World military expenditure exceeded $1 trillion in 2004. The United States accounted for 47 percent of this spending.
Source: “SIPRI Pocket Yearbook 2005” (Stockholm International Peace Research Institute, 2005); “Achieving Education for All by 2015” (World Bank, 2002); “The Unbreakable Link” (Jubilee Research at the New Economics Foundation, 2002).