The attached op-ed article (and below) of the United Nations Secretary-General on disarmament states that "massive military spending and new investments in modernizing nuclear weapons have left the world over-armed -- and peace under-funded". Billions of dollars allocated to military spending is difficult to explain in a context of the global financial crisis since more investments are needed in social and economic development in order to achieve the Millennium Development Goals.

“The World is Over-Armed and Peace is Under-Funded” August 2012 Last month, competing interests prevented agreement on a much-needed treaty that would have reduced the appalling human cost of the poorly regulated international arms trade. Meanwhile, nuclear disarmament efforts remain stalled, despite strong and growing global popular sentiment in support of this cause. The failure of these negotiations and this month’s anniversaries of the atomic bombings at Hiroshima and Nagasaki provide a good opportunity to explore what has gone wrong, why disarmament and arms control have proven so difficult to achieve, and how the world community can get back on track towards these vitally important goals. Many defence establishments now recognize that security means far more than protecting borders. Grave security concerns can arise as a result of demographic trends, chronic poverty, economic inequality, environmental degradation, pandemic diseases, organized crime, repressive governance and other developments no state can control alone. Arms can’t address such concerns. Yet there has been a troubling lag between recognizing these new security challenges, and launching new policies to address them. National budget priorities still tend to reflect the old paradigms. Massive military spending and new investments in modernizing nuclear weapons have left the world over-armed -- and peace under-funded. Last year, global military spending reportedly exceeded $1.7 trillion – more than $4.6 billion a day, which alone is almost twice the UN’s budget for an entire year. This largesse includes billions more for modernizing nuclear arsenals decades into the future. This level of military spending is hard to explain in a post-Cold War world and amidst a global financial crisis. Economists would call this an “opportunity cost”. I call it human opportunities lost. Nuclear weapons budgets are especially ripe for deep cuts. Such weapons are useless against today’s threats to international peace and security. Their very existence is de-stabilizing: the more they are touted as indispensable, the greater is the incentive for their proliferation. Additional risks arise from accidents and the health and environmental effects of maintaining and developing such weapons. The time has come to re-affirm commitments to nuclear disarmament, and to ensure that this common end is reflected in national budgets, plans and institutions. Four years ago, I outlined a five-point disarmament proposal highlighting the need for a nuclear weapon convention or a framework of instruments to achieve this goal. Yet the disarmament stalemate continues. The solution clearly lies in greater efforts by States to harmonize their actions to achieve common ends. Here are some specific actions that all States and civil society should pursue to break this impasse. Support efforts by the Russian Federation and the United States to negotiate deep, verified cuts in their nuclear arsenals, both deployed and un-deployed. Obtain commitments by others possessing such weapons to join the disarmament process. Establish a moratorium on developing or producing nuclear weapons or new delivery systems. Negotiate a multilateral treaty outlawing fissile materials that can be used in nuclear weapons. End nuclear explosions and bring into force the Comprehensive Nuclear-Test-Ban Treaty. Stop deploying nuclear weapons on foreign soil, and retire such weapons. Ensure that nuclear-weapon states report to a public UN repository on nuclear disarmament, including details on arsenal size, fissile material, delivery systems, and progress in achieving disarmament goals. Establish a Middle East zone free of nuclear weapons and other weapons of mass destruction. Secure universal membership in treaties outlawing chemical and biological weapons. Pursue parallel efforts on conventional arms control, including an arms trade treaty, strengthened controls over the illicit trade in small arms and light weapons, universal membership in the Mine Ban, Cluster Munitions, and Inhumane Weapons Conventions, and expanded participation in the UN Report on Military Expenditures and the UN Register of Conventional Arms. Undertake diplomatic and military initiatives to maintain international peace and security in a world without nuclear weapons, including new efforts to resolve regional disputes. And perhaps above all, we must address basic human needs and achieve the Millennium Development Goals. Chronic poverty erodes security. Let us dramatically cut spending on nuclear weapons, and invest instead in social and economic development, which serves the interests of all by expanding markets, reducing motivations for armed conflicts, and in giving citizens a stake in their common futures. Like nuclear disarmament and non-proliferation, such goals are essential for ensuring human security and a peaceful world for future generations. No development, no peace. No disarmament, no security. Yet when both advance, the world advances, with increased security and prosperity for all. These are common ends that deserve the support of all nations.