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Thursday, June 18, 2015, Ashar 4, 1422 BS, Shaban 30, 1436 Hijr


Cost of violence hits $14 trillion in increasingly divided world
Published : Thursday, 18 June, 2015,  Time : 12:00 AM,  View Count : 9

LONDON, June 17 : The cost of violence around the world reached a record $14.3 trillion in 2014, equivalent to the combined economies of Brazil, Canada, France, Germany, Spain and the United Kingdom, a global security report said on Wednesday.
The divide between the most and least peaceful regions deepened with many Middle Eastern and African countries sinking further into violence, according to research by the Australia-based Institute for Economics and Peace (IEP).
Syria ranked as the least peaceful country in the 2015 Global Peace Index, while Libya saw the most severe deterioration. Iceland remained the most peaceful.
"The (cost of violence) has been largely associated with the increase of deaths in conflict, the ongoing economic consequences of conflicts in the countries where they're occuring and also the increased cost associated with the displaced people," IEP founder Steve Killelea told the Thomson Reuters Foundation in a phone interview from London.
The cost of supporting refugees and internally displaced people (IDPs) has increased by 267 percent since 2008 to $128 billion as the numbers of uprooted people topped 50 million -- the highest level since World War Two.
However, it is expenses related to the military, police forces and dealing with homicides that have had the highest impact on costs, accounting for more than 68 percent of the total, said the study.
Despite conflict in the Ukraine, Europe continues to experience historic levels of peace, with a decrease in homicide rates and the withdrawal of forces from Iraq and Afghanistan.
But Iraq, Syria, Nigeria, South Sudan and Central African Republic have all become more violent than a year ago, according to the index of 162 states.    ?REUTERS












Editor : Iqbal Sobhan Chowdhury
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