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After growing for a number of years of annual world military spending, they seem to have reached the highest value in 1990. As a result, after-blowing in the world improving the political climate at the present time, there is reason to believe that their volume will decrease. Now, however, the volume of the world's military spending remains at over $ 850 billion. Per year, which corresponds to US $ 1.7 million. Per minute. Over 80 percent of this amount is spent on conventional armaments and armed forces. Even in the states possessing nuclear weapons, the bulk of military spending goes to conventional weapons. As a whole, the share of the industrialized countries accounts for nearly 80 percent of total military spending worldwide.
Calculation of the world's military spending is inevitably inaccurate due to lack of data. In addition, there are difficulties associated with differences in the exchange rates of national currencies in the system of military production and military calculation of production costs, as well as in the structure of prices in the civilian and military sectors. To address these issues, the General Assembly of the United Nations launched in 1980, a standardized reporting system and subsequently every year, encouraged Member States to report annually to the Secretary-General to-treasures on the level of its military spending, prepared on the basis of this system. In 1988, the Secretary-General received data from 28 countries, which used this reporting system. Since 1987, the General Assembly resolutions is reflected an increasing political support for effective integrated reporting system.
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