Trump Isn't Alone in Planning Billions More on Military Spending
The 10th Mountain Division soldiers hook their 105mm Howitzers to Blackhawk helicopters while on a training mission for future deployments on May 18, 2016 at Fort Drum, New York.
Photographer: John Moore/Getty ImagesIt's not just President-elect Donald Trump who's bent on military build-up.
From Europe all the way to China, the next decade will be marked by an increase in global defense spending amid rising feuds and pockets of instability, according to IHS Jane's latest annual Defense Budgets report.
Global defense expenditures rose to $1.57 trillion this year from $1.55 trillion in 2015 as Asian nations act on growing nervousness around the South China Sea, said Craig Caffrey, principal analyst at the London-based defense and security analysis firm. Fenella McGerty, another analyst at IHS Jane's, expects spending levels to return to pre-2008-2009 financial crisis levels by 2018.
Here is a breakdown by regions.