NOTE: NO FURTHER DISCOUNT FOR THIS PRINT PRODUCT--OVERSTOCK SALE -- Significantly reduced list price while supplies last This 27th issue of World Military Expenditures and Arms Transfers (WMEAT) is published by the Department of State, following its merger with the previous publisher, the former U.S. Arms Control and Disarmament Agency. The report covers 1987 to 1997, from the final years of the Berlin Wall through eight succeeding years. Thus, it depicts the transition from the Cold War in statistical terms. The report shows that military spending in developing countries has been increasing since 1995, while that in developed countries may have reached the end of its decline. Arms imports of both groups have been increasing since 1994 and particularly in the last year. While armed forces continued to contract in the developed group, those of the developing group appear to have stabilized. Regional data reveal some arresting trends, including sharp advances in military spending and arms imports in East Asia, South America, and North Africa. The individual countries causing the trends are of course shown in the data. Indicators of military burden, such as the ratio of military spending to GNP, appear to have generally leveled and reached the bottom of their post-Cold War decline. They may be poised to rise again, and even the present levels are too high in many places in the developing world. The report shows that the work of arms control, non-proliferation, and disarmament cannot be relaxed, and indeed, greater efforts are needed now and in the future.

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Published in association with the Stockholm International Peace Research Institute.

The SIPRI Yearbook is as an authoritative and independent source of data and analysis on armaments, disarmament and international security. It provides an overview of developments in international security, weapons and technology, military expenditure, arms production and the arms trade, and armed conflicts and conflict management, along with efforts to control conventional, nuclear, chemical and biological weapons. This 50th edition of the SIPRI Yearbook covers developments during 2018, including - Armed conflicts and conflict management, with an overview of armed conflicts and peace processes as well as a focus on global and regional trends in peace operations - Military expenditure, international arms transfers and developments in arms production, - World nuclear forces, with an overview of each of the nine nuclear-armed states and their nuclear modernization programmes - Nuclear arms control, featuring North Korean-US nuclear diplomacy, developments in the INF Treaty and Russian-US nuclear arms control and disarmament, and implementation of Iran's nuclear deal - Chemical and biological security threats, including the investigation of allegations of chemical weapon use in the Middle East and the attempted assassination in the United Kingdom - Conventional arms control, with a focus on global instruments, including efforts to regulate lethal autonomous weapon systems and explosive weapons in populated areas, and dialogue on international cyber security - Dual-use and arms trade controls, including developments in the Arms Trade Treaty, multilateral arms embargoes and export control regimes, including the challenges of seeking to control transfers of technology as well as annexes listing arms control and disarmament agreements, international security cooperation bodies, and key events in 2018.