ERIC ARNETT
Global military research and development (R&D)
      expenditure continued to decline in 1997, mainly because of reductions
      in the US budget, which will be cut by another 14% by the year
      2001. Critics claim that US forces are vulnerable to new threats,
      particularly ballistic and cruise missiles, but these fears are
      exaggerated. US investment in military R&D is more than seven
      times that of France, the nearest competitor. It is unlikely
      that a global challenger to US power will emerge before 2020.
      Rather, the international system will increase its dependence
      on US technology and military intervention.
By the mid-1990s most members of the Organisation
      for Economic Co-operation and Development (OECD) were spending
      less than 110% of their 1983 R&D funding levels. The fear commonly
      expressed that science would be irreversibly militarized by the
      build-up in the 1980s has not been borne out, the military share
      of government and national R&D having returned to its 1983 level
      or lower in most cases. Contrary to expectations, the 1991 Persian
      Gulf War did not lead 'second-tier' arms producers to increase
      their R&D budgets in the hope of developing or countering technologies
      demonstrated by the USA, which itself cancelled several programmes
      at that time.
Russia is allowing its design bureaux to sell
      their expertise abroad, but has promised to limit technology
      transfer. Japan reduced its military R&D investment for the first
      time since 1976.