Report examines future trends in global defense spending

Jack Midgely, a director at Deloitte firm and the lead author of a new report on defense spending, is Jared Serbu's guest for this week's edition of On DoD.

While defense spending by the United States and virtually all other countries with high per-capita income shot upward in the decade after the September 11th attacks, we’re at the beginning of an era of decreased spending by all those countries — not just the U.S.

And meanwhile, spending by lower income countries is on the way up. Those findings come from the annual

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