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

Guests:

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

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