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After growth for a number of years of annual world military spending, they seem to have reached the highest value in 1990. As a result, the subsequent improvement in the political climate in the world have reason to believe now that their volume will decrease. Now, however, the volume of world military spending is still more than 850 billion. US dollars. Per year, which corresponds to US $ 1.7 million.. Per minute. Over 80 percent of this amount is spent on conventional weapons. As a whole, the share of the industrialized countries account for nearly 80 percent of total military spending worldwide.<br><br>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 the price structure in the civilian and military sectors. To address these issues, the General Assembly of the United Nations launched in 1980 for the standardized reporting system and subsequently every year, encouraged Member States to report annually to the Secretary-General to report on the level of its military spending, prepared on the basis of this system. In 1988, the Secretary-General has received information from 28 countries, all of which use this reporting system.
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