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article imageNobel Prize-Winning Economists say end the drug war

By Jeannie Stokowski-Bisanti     May 7, 2014 in Politics
According to a new report endorsed by five Nobel Prize-winning economists, the decades-long global war on drugs has failed and it's time to shift the focus from mass incarceration to public health and human rights.
The report is titled "Ending the Drug Wars" and was put together by the London School of Economics' IDEAS center. It looks at the high costs and unintended consequences of drug prohibitions on public health and safety, national security and law enforcement.
The report urges the world's governments to create drug policies based on treatment and harm reduction instead of prosecution and prison.
The United Nations General Assembly is preparing to convene a special session on drug policy in 2016. The report aims to push the U.N. to encourage countries to develop their own policies, because the report states that the current one-size-fits-all approach has not proved to be effective.
In addition to contributions from Danny Quah, a professor of economics at LSE, and a dozen other foreign and drug policy experts, the report has been endorsed by five past winners of the Nobel Prize in Economics: Kenneth Arrow (1972), Sir Christopher Pissarides (2010), Thomas Schelling (2005), Vernon Smith (2002) and Oliver Williamson (2009). Also signing on to the report's foreword are a number of current and former international leaders, including George Shultz, secretary of state under President Ronald Reagan; Nick Clegg, British deputy prime minister; and Javier Solana, the former EU high representative for common foreign and security policy.
Guatemalan President Otto Perez Molina plans to discuss the report at the U.N. He has announced that his government may present a plan to legalize production of marijuana and opium poppies by the end of 2014.
More about War on drugs, Drugs, Nobel prize, Economist, Economists
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