World Military Expenditures, 1970 and Related Data for 120 Countries.
Rept. no. 5 (Annual).
ARMS CONTROL AND DISARMAMENT AGENCY WASHINGTON DC
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The report shows that world military expenditures, inflated by further increases in prices, reached a record peak of 204,000,000,000 in 1970. The increase in military spending over the previous year was the smallest in recent years and relatively less than the apparent price rise--a hopeful sign that the sharp upward trend of the 1960s has been blunted. Author
- Economics and Cost Analysis