It is often said that war is good for business.
Conflicts drive up demand for weapons, defence equipment and soldiers.
It appears 2019 was a bumper year.
The Stockholm International Peace Research Institute said global military spending grew to nearly $2 trillion, a 3.6 percent increase on 2018 and the highest-level rise in 10 years.
Five countries – the US, China, India, Russia and Saudi Arabia – account for more than 60 percent of the expenditure.
Will the upward trend continue as the coronavirus pandemic devastates the world’s economies?
Presenter: Bernard Smith
Pieter Wezeman – Senior Researcher of the Arms and Military Expenditure Programme at the Stockholm International Peace Research Institute
Adam Ni – Director of the Australia-based China Policy Centre
Andrew Smith – Spokesman