Monday, January 30, 2017

Conflict costs us $13.6 trillion a year. And we spend next to nothing on peace


Conflict today has captured the worlds' attention as we directly or indirectly bare witness to the growing reach of terrorism and civil unrest. While the devastating human suffering caused by war is the most obvious impact, the long-term cost to the economy can be crippling for a region's infrastructure and stability.

While the physical, emotional, and societal benefits that would result from improvements in peace seem self-evident, the potential economic benefits of peace are continually overlooked in economic debates.

In light of this gap in understanding, the Institute for Economics and Peace has just released a report solely focused on estimating the economic impact of violence and conflict on the global economy. The research provides an empirical basis to calculate the potential economic benefits from improvements in peace .... https://www.weforum.org