The Economist’s Graphic Detail blog posted a chart (see above) on February 18, 2014, on the spending by emerging space powers. It’s a cool chart and very informative.
Less informative is the usual media guff about a so-called space race. The Economist piece is titled “Ye Olde Space Race” while not mentioning who is racing who. Why? Because it is far from obvious that any race is happening between any of the countries cited.
I would say that we should expect better from The Economist, but unfortunately they are among the worst offenders of this nonsense.
Unless, of course, one really believes that when more than two countries develop an interest in acquiring satellites this immediately constitutes a space race…