Investments in defence at the cost of social good are unpardonable
Global annual military expenditure stood at around $1.46 trillion, as per a report in 2009. The top 15 countries with the highest military expenditure spent around 81.4% of the total. It is estimated that the world needs only about $260 billion annually for the next 10 years to eradicate all the basic malaise; be it poverty, insufficient healthcare, lack of shelter and clean water, illiteracy and sustainable energy. Given that kind of a comparison, there’s a clear paradox that countries are facing; are the investments towards defence supposed to only protect the ‘advantaged’ well earning masses?
US alone has spent over $5.5 trillion on nuclear arms till date, and has a current stock of over 10,000 nuclear weapons. US spends $35 billion a year on defence (or $96 million a day). Similarly, France has spent not less than $1.5 trillion on nuclear arms. USSR has spent $3.5 trillion on nuclear arms.
Global annual military expenditure stood at around $1.46 trillion, as per a report in 2009. The top 15 countries with the highest military expenditure spent around 81.4% of the total. It is estimated that the world needs only about $260 billion annually for the next 10 years to eradicate all the basic malaise; be it poverty, insufficient healthcare, lack of shelter and clean water, illiteracy and sustainable energy. Given that kind of a comparison, there’s a clear paradox that countries are facing; are the investments towards defence supposed to only protect the ‘advantaged’ well earning masses?
US alone has spent over $5.5 trillion on nuclear arms till date, and has a current stock of over 10,000 nuclear weapons. US spends $35 billion a year on defence (or $96 million a day). Similarly, France has spent not less than $1.5 trillion on nuclear arms. USSR has spent $3.5 trillion on nuclear arms.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
