5l' There is a crose rerationahip betseen expendicure on armaments and econoni.cand- social developrrent. uirrtary expenditures are reaching ever hi.gber levers, thehigbest percentage of nhicb .utt ua uitrtuuted !o the nucrea r-rreapon states and most::-:!:i:-"iliea, with prospeecs of further expansion and lhe d,anler of furrherrncreases rn the expenditures of other countries. The enormous au'a apent annuarryon Ehe nanufacture or inProvernent of {eapons are in sombre and dranacic contragt. tothe sanc and poverty in nhrch en,o thirds of the eorldrs popuration live. Thiscolossal $aste of resources is even nore serious in that it diverts bo nilitarypurPoseE not only nateriar but al30 technicar and huxnan resources chat are urgentryneeded for developnent in ar.l countrie€, parcicularry in tbe deveroping countries.Thug' lhe econonic and aociar "on""gu"rr""-" of the arns race are so detrioentar thatits continuation is obviously inconpati.ble wiblr the inplen€ntation of a newinternati.onal economic order based on justice, eguity and co_operation. 62. Another illustration of the inter relatlonsh lp betoeen nationat andinternational security ls th€ extent to ehicb gLobal econon ic trends have increasedthe econonic and 6ocia1 vulnerabllity of all ciuntries, in particular thedeveroping countries. whereas the disturbances causeat by the socio-econonicdiarocations of the r97os rere generalry lrnited rn 6cope and re€s harnful in theirimpacc, in lhe 1980€ the inbalaice in tire international econonic, financial and tlaginq franework have affected most countries and have generally not been nittgated by sufficiently offsetting sources of officiar or private funds. This situation has had an unequal inpact, noreover, st.riking with particular aeverity:h. "::y nati.ons already facing long-t.r, proUt.." of underdevelopnent. During the rast five years' the trend has been to*ards constantry aleclining prices for raid naterials, the chlef itens of production and source of incone in ihe devetopinginte rna t.ional^/ 4o /ss3 EngliEh Page 24 countrles, rfhile the co6t of nanufactured goods tha! these countries ttrusc inlxlrt haa been rising. The groribg trendl toirar'ls protectionlsm' particularly in the majo! induaErialized counErl;s, haE been pareicularly damaging as this reduceg the export opportunttlbe3 ot tbe seaker naEio;8. These factors' conbined t{ith a sharp rise in the real interest rate cllalged on forelgn loans, concribuEe to a chronic current accounE ateflcit in the balance of Palments of develoPing countries' The
**Analysis**
The text discusses the relationship between military spending and economic development, highlighting the negative impact of excessive military expenditures on economic and social development, particularly in developing countries. It also touches on the global economic trends and their effects on the economy and security of countries. The text does not focus on specific industries, natural resources, or environmental issues.

**Category**
Economic development, International trade