Friday, October 19, 2012

Asian Defense Spending, 2000–2011

Asia is growing in geostrategic importance. Despite the financial crisis that began in 2008, many Asian countries experienced relatively less fiscal distress and increased their level of involvement in global affairs. Indicative of the region’s elevated global role is the United States’ pivot toward the Asia-Pacific region as outlined in the Strategic Guidance recently released by the Department of Defense. With Asian defense spending projected to overtake that of Europe by the end of 2012, the United States’ posture rebalancing toward the Asia-Pacific region is likely to continue.

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