Post-Cold War US Military Expenditure in the Context of World Spending Trends

by Carl Conetta and Charles Knight, PDA Briefing Memo #10, January 1997.
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Based on a review of official world military spending data, this study finds evidence that the strategic position of the US and its allies has improved immensely relative to the potential threat states. It also looks at regional trends and offers a perspective on the new and ambitious regional military strategy of the U.S.