USA 335.7
Why, in light of this, would the US have trouble fighting China, India, Russia,
France, and the UK simultaneously, at current expenditure levels? This shows, perhaps,
that we do not spend our money effectively. It also suggests to me that our military
spending is far too high. Couldn't we cut it in half?
China 142.9
India 66.5
Russia 55.4
France 36.8
UK 34.0
Japan 32.8
Germany 31.0
Italy 26.9
South Korea 24.3
Turkey 23.0
Brazil 22.8
Iran 20.2
Pakistan 14.2
Note, too, that the Axis of Weasels countries shouldn't really count for much of anything in world diplomacy. France and Germany together should have about the same world influence as India, or as the combination of South Korea, Turkey and Brazil. But those four, you say, are just regional powers? I'd correct you and say, "those six are regional powers".
The site has a pretty good discussion of the problem of comparing expenditures in
different currencies and locations:
International comparisons of military expenditure made by use of MERs tend to
understate the purchasing power of the military budgets of developing countries and
countries in transition, because MERs are formed on the world market and in these
countries a relatively large part of the domestic economy is not exposed to
international competition.
On the other hand, the use of PPP rates, based on price comparisons across the whole
economy (GDP-based PPPs), may exaggerate the military purchasing power of
military expenditure. One reason for this is that overall price comparisons do not
account for the level of technology that may be purchased with Western, and
especially US, military expenditure, which is beyond the capacity of countries such as
China or India. However, for the purpose of measuring the civilian resources forgone
by allocating government expenditure to the military sector, PPP-converted military
expenditure figures are the more relevant indicator.
I need to think for minute before understanding the "may exaggerate the military
purchasing power..." sentences in the middle. I think what it means is this: the
military budget of India has tremendous buying power when it comes to buying local goods
and labor in India, and that is reflected in the PPP numbers. But if the Indian army
decided to switch and becomes a small high-tech army like Saudi Arabia's, suddenly it's
big PPP expenditure would shrink drastically, because it would be paying the same high
world prices for jets and missiles as other countries do.
[
http://php.indiana.edu/~erasmuse/w/04.02.09c.htm . Erasmusen@yahoo.com. ]
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