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Craig Caffrey
August 20, 2025
Credit: Australian Associated Press/Alamy/Aviation Week Network
Between 2005 and 2020, global defense budget growth was primarily driven by the Asia-Pacific region. Through that period regional spending grew at an average rate of 4.9% in real terms compared to 0.5% in Europe and 1.2% in the U.S. Asian defense spending increased every year during this period…
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