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  • Writer's pictureVinith John

The Hidden Costs of War

Biggest economies military expenditure - WisdomDeep Digital

On March 5th, the International Day for Disarmament and Non-Proliferation Awareness highlights the crucial role that disarmament efforts play in promoting peace and security, ending armed conflicts, and reducing the devastating impact of weapons on human lives.

However, according to the Trends in World Military Expenditure report for 2021, global military expenditure has surpassed $2.1 trillion, with the United States, China, and India being the top three spenders. Shockingly, the USA and China alone account for more than half of the world's military spending, underscoring the urgent need for greater efforts towards disarmament and non-proliferation.

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