Singapore FM says ‘peace dividend’ after WWII is over

viv

SINGAPORE (Bloomberg): Singapore’s Foreign Affairs Minister Vivian Balakrishnan (pic) said growing defence spending, including by China and across Asia, is evidence a peace dividend after World War II that fuelled global economic growth is largely over.

"The last seven, eight decades of the peace dividend after the Second World War is over, and you’re going to see increased defence expenditure literally all over the world,” he said on Monday (March 6) in an interview with Bloomberg Television’s Haslinda Amin.