Putting a Price on Peace: The Total Cost of Violence to the Global Economy

Abstract

This chapter aims to measure the total impact of conflict and violence to the global economy. By aggregating the most recent research on the costs of specific types of violence such as organized conflict, homicide, battle deaths, military spending, and incarceration, a comprehensive country-specific cost of violence and violence containment methodology is developed. The estimated benefit to the global economy of perfect peacefulness is at least 9.8 trillion dollars over the long run.

Citation

Morgan, T. (2015), "Putting a Price on Peace: The Total Cost of Violence to the Global Economy", Business, Ethics and Peace (Contributions to Conflict Management, Peace Economics and Development, Vol. 24), Emerald Group Publishing Limited, Leeds, pp. 247-264. https://doi.org/10.1108/S1572-832320150000024019