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It's official: the post-Cold War 'peace dividend' is over. Global military spending has exploded to a staggering $2.7 TRILLION in 2024—the steepest single-year jump in over 30 years.[1, 2, 3]
​From the US-China rivalry in the Pacific to the war in Ukraine and escalating tensions in the Middle East, a new "era of insecurity" is forcing nations to re-arm at a terrifying pace.[4, 5] This isn't just about numbers; it's a fundamental shift in global priorities as every major power prepares for a more dangerous world.
​Are we witnessing the prelude to a new world war, or is this the new price of deterrence? Dive into the data and see why the world is bracing for impact.