Trends in global defense spending

Tuesday - 11/12/2013, 11:56pm EST

Jack Midgley, Deloitte Consulting

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November 12, 2013 -- This week on "Off the Shelf", Jack Midgley, a director in Deloitte's Global Defense Consulting Practice, discusses Deloitte's recent report "Global Defense Outlook 2013/Balancing security and prosperity."

The report examines current policies, practices and trends impacting defense planning and profiles of the top 50 nations who account for 97% of global defense spending.

Midgley discusses some the key trends highlighted in the report including growth of special operations forces, drones and cyber-warfare capabilities.

He also provides an overview of the Top 50 defense spenders and the relative standing of the United States.