"Last year, there were five armed conflicts in which death tolls are estimated to have topped 10,000 people - including the Russia-Ukraine war, the Israel-Hamas war, and civil or factional wars in Ethiopia, Myanmar, and Sudan. In addition to the immediate violence, these large-scale conflicts - to say nothing of growing hostilities over Taiwan and escalating tensions on the Korean peninsula - threaten peace and stability across multiple continents, while also testing long-standing alliances."
"The growing instability and deteriorating security that largely define geopolitics in 2025 have fueled a surge in defense spending worldwide. According to the Stockholm International Peace Research Institute, an independent arms control research organization, global military spending rose for the tenth consecutive year in 2024, topping $2.7 trillion. In Europe and North America, growing national security concerns prompted the 32-member North Atlantic Treaty Organization (NATO) to revise its collective and individual defense spending targets."
Armed conflict, fatalities, and displacement have surged in the early 2020s, with five conflicts in one year exceeding 10,000 deaths, including Russia-Ukraine, Israel-Hamas, and civil or factional wars in Ethiopia, Myanmar, and Sudan. Growing hostilities over Taiwan and escalating tensions on the Korean peninsula further endanger international stability and test alliances. Governments are increasing military budgets worldwide; over three dozen countries spent more than $5 billion on defense in 2024. Global military spending rose for a tenth consecutive year in 2024, exceeding $2.7 trillion. NATO members agreed to raise defense targets to 5% of GDP within ten years.
Read at 24/7 Wall St.
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