SIPRI: Latin America Military Spending Increased by 4.2 Percent in 2012

SIPRI: Latin America Military Spending Increased by 4.2 Percent in 2012

By Geraldine Cook
June 17, 2013

Latin America spent $34.1 billion on weapons and defense last year — a 4.2 percent rise over 2011 figures — while falling throughout the rest of the world, according to the Stockholm International Peace Research Institute (SIPRI), an independent organization that researches global armament trends.

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