This section of the report 'Financing the Global Sharing Economy'
demonstrates how governments could redirect the colossal financial
resources currently spent on military budgets as a first step toward reducing armed conflict and war, while also providing urgent national and global public goods for social development.
A groundbreaking report identifies more
than 300 banks, pension funds, insurance companies and asset managers
in 30 countries with substantial investments in nuclear arms producers. By the
International Campaign to Abolish Nuclear Weapons (ICAN).
Over the last decade, the military budget in the US has nearly doubled. Significant cuts in wasteful spending could free up public finance for non-military foreign engagement and much needed green investment at home, says a report by the Institute for Policy Studies.
Over the three years that governments at the UN spent discussing
a proposed Arms Trade Treaty, almost 2.1 million people have died as a result
of armed violence. Negotiations must begin immediately for a robust treaty to
be drawn up by 2012, says a report by Oxfam.
The design of the EU’s security research agenda has been
outsourced to the very corporations who will gain most from its implementation.
This strategy will encourage militarisation at the expense of human rights and
social justice, says a new report by the Transnational Institute.
A number of extractive companies from Europe and Asia are purchasing minerals in the Eastern Democratic Republic of Congo that fuel conflict, lead to militarisation and facilitate the exploitation of civilians, says a report by Global Witness.
Despite a deepening economic crisis, global military expenditure increased markedly in 2008, rising to some $1.5 trillion. US military spending comprised nearly half of this total, easily outstripping its nearest rival China, according to a report by SIPRI.