THE ECO­NOMIC COST OF Vi­o­lence

CEO Magazine North America - - AT THE FRONT — NEWS -

Ac­cord­ing to the 12th edi­tion of the an­nual Global Peace In­dex re­port, the eco­nomic im­pact of vi­o­lence came in at a cost of $14.8 tril­lion in 2017, or 12.4% of global GDP. The same re­port, pro­duced by the In­sti­tute for Eco­nomics and Peace (IEP), states that the cost of vi­o­lence is equiv­a­lent to nearly $2,000 per per­son and that the world is less peace­ful to­day than at any time dur­ing the last decade.

Among the key find­ings of the re­port were that the an­nual num­ber of bat­tle deaths has peaked by 264% over the last decade. Plus, for the first time in mod­ern his­tory, refugees made up for al­most 1% of the global pop­u­la­tion in 2017.

The Mid­dle East and North Africa re­mained the world’s least peace­ful re­gions while peace­ful­ness in the United States de­clined for the sec­ond con­sec­u­tive year, reach­ing its worst level since 2012.

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