Connect with us

Hi, what are you looking for?

World

Global conflicts cost $14.3 trillion last year

The IEP is headquartered in Sydney, Australia but has branches in New York and Oxford. The IEP collaborates with many other organizations including the Aspen Institute, Economists for Peace and Securiy and the UN Global Compact. The IEP is supported by well-known people such as Kofi Annan, the Dalai Lama, Bishop Desmond Tutu, and US ex-president Jimmy Carter. The costs of global conflict is an amount equivalent to the value of production of Brazil, Canada, France, Germany, Spain and the UK last year. The complete report can be found here.

As part of its report the IEP releases an annual Global Peace Index. For 2014 Iceland is number one with New Zealand coming in 2nd among 162 countries ranked. Canada is in the top 10 at ninth. The United States is far down the list at 101 but still far above Russia at 152. The United Kingdom is 48. Dead last is Iraq followed by Afghanistan with Syria also near the bottom. Libya saw the worst decline during the year. The Middle East and North Africa now rank as the world’s most violent region overtaking South Asia. The number of deaths from terrorism has risen substantially.

The report estimates that 180,000 people were killed in conflicts last year. In 2010 there were just 49,000. If world violence were to decrease by just 10 per cent this would be an amount worth six times the value of the Greek bailout would be saved. It would be ten times the official development assistance that rich countries provide poor countries, and three times the total earnings of the 1.1 billion people who earn less than $1.25 per day.

Written By

You may also like:

Business

Chinese students at an e-commerce school rehearse selling hijabs and abayas into a smartphone - Copyright AFP Jade GAOJing Xuan TENGDonning hijabs and floor-length...

World

US President Joe Biden delivers remarks after signing legislation authorizing aid for Ukraine, Israel and Taiwan at the White House on April 24, 2024...

Business

Tony Fernandes bought AirAsia for a token one ringgitt after the September 11 attacks on the United States - Copyright AFP Arif KartonoMalaysia’s Tony...

World

AfD leaders Alice Weidel and Tino Chrupalla face damaging allegations about an EU parliamentarian's aide accused of spying for China - Copyright AFP Odd...