The world has entered an era of increasing instability as countries around the globe boost military spending in response to Russia’s invasion of Ukraine, the Hamas attack on Israel and China’s growing assertiveness in the South China Sea.
That’s the conclusion of a new report released today by the International Institute for Strategic Studies, which also highlighted rising tensions in the Arctic, North Korea’s pursuit of nuclear weapons and the rise of military regimes in the Sahel region of Africa as contributing to a “deteriorating security environment.” The London-based think tank has compiled its annual estimate of the global military situation for 65 years.
“The current military-security situation heralds what is likely to be a more dangerous decade, characterised by the brazen application by some of the military power to pursue claims — evoking a ‘might is right’ approach — as well as the desire among like-minded democracies for stronger bilateral and multilateral defence ties in response,’’ the report said.
Global defence spending rose 9 per cent to US$2.2 trillion ($3.6t) last year as Russia’s full-scale invasion of Ukraine, now entering its third year, heightened concerns China and other militarily powerful states may try to impose their will on neighbours, the IISS said.
The increase was even steeper in Nato, which has supported Ukraine as a bulwark against further Russian incursions into Europe. The alliance’s non-US members have boosted military spending by 32 per cent since Russia invaded Ukraine’s Crimean peninsula in 2014, the institute found. Ten European members reached the alliance’s goal of spending 2 per cent of economic output on defence last year, up from just two in 2014.