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Sign in to searchRising Military Expenditure and the Erosion of Peace-Oriented Development
The United Nations has raised serious concern over the accelerating global trend of increased military expenditure at the cost of social and developmental investments. UN Secretary-General António Guterres, in the World Economic Situation and Prospects 2026 report, warned that governments worldwide are prioritising “instruments of war” over “investments in peace,” even as global economic growth remains subdued and well below pre-pandemic levels. Strategic rivalries, fragmentation of markets, and intense competition for critical minerals are undermining multilateralism, disrupting trade, and weakening social cohesion, particularly in vulnerable regions.
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UN warns rising military spending ($2.7T in 2024) undermines peace-oriented development. Global arms race threatens human capital and social investment amid geopolitical tensions.
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