Institute for Economics and Peace
The Economic Cost of Violence Containment
A Comprehensive Assessment of the Global Cost of Violence
Institute for Economics and Peace, 2015
What's inside?
The traditional view is that military spending promotes economic growth. But another side to the story tilts the scales toward peace.
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Recommendation
Antiviolence measures, including the huge amounts countries allocate to military use and crime prevention, cost about $9.46 trillion worldwide in 2012, according to this review from the Institute for Economics and Peace. That’s $1,300 for every human being on the planet. While this revealing report allows that some of this spending is necessary, it also tallies the opportunity costs of diverting investment from business, health care and education. getAbstract recommends this important article on a vastly underresearched topic – the economic benefits of peace – to those interested in the monetary impact of violence on the global economy.
Summary
About the Author
The Institute for Economics and Peace is a nonprofit, nonpartisan think tank that is dedicated to developing metrics to analyze peace and to quantify its economic value.
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