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1. The Economic Cost of Violence Containment

Author:
Institute for Economics and Peace (IEP)
Publication Date:
02-2014
Content Type:
Special Report
Institution:
Institute for Economics & Peace (IEP)
Abstract:
One of the major challenges in developing policies aimed at increasing peace is the difficulty of being able to accurately gauge the benefits that result from peace. Recognising this, the Institute for Economics and Peace (IEP) has developed a new and ground breaking methodology to estimate the cost of violence to the global economy, including calculations for 152 countries that detail the costs of thirteen different types of violence. This deeper insight into the breakdown of national costs of violence allows for better targeting of development assistance and also enables national governments to more accurately assess the costs associated with violence and the likely benefits that would flow from improvements in peace.
Topic:
Economics, Economy, Violence, Peace, and Containment
Political Geography:
Global Focus

2. Violence Containment Spending in the United States

Author:
Institute for Economics and Peace (IEP)
Publication Date:
09-2012
Content Type:
Special Report
Institution:
Institute for Economics & Peace (IEP)
Abstract:
It has been well established that violence has a marked effect on economic activity with many studies demonstrating the negative economic impacts of crime, incarceration, insurgencies and especially war. However, there have been no studies to systematically aggregate the economic costs of all forms of violence, including the costs of prevention and protection, to understand how much of an economy is captured by violence and violence containment. For the purposes of classification, this form of economic activity has been defined as the violence containment industry (VCI). Aggregated as an industry sector it would be the single largest in the United States. The Institute for Economics and Peace (IEP) has developed a new methodology to quantify the cost of violence and the economic gains associated with peace for the U.S. economy. All expenditure that is related to violence containment, whether performed by the military on the international stage or domestically through the provision of services to fight crime, has been classified together as the Violence Containment Industry or alternately, as violence containment spending. This provides a framework to classify and better understand a substantial part of the U.S. economy as well as providing a platform for future research. Given the sheer size of the U.S. economy that is dedicated to containing violence, quantifying the expenditure as a discrete industry creates a unique basis for further analysis and debate.
Topic:
Economy, Violence, Peace, Society, and Containment
Political Geography:
North America and United States of America

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