Institute for Economics and Peace

In Brief

2007, London; Global Peace Index; Terrorism Index

Description

(2007, Sydney/New York/Oxford; www.economicsandpeace.org)

“The world’s leading think tank dedicated to developing metrics to analyze peace and to quantify peace’s economic benefits.” The Global Peace Index uses >20 indicators (e.g., weapons imports and displaced people) to determine the most peaceful (Iceland) and least peaceful (Syria) nations. Full statistical comparisons are available for 162 countries. Estimates the global economic impact of violence (13% of worldwide GDP, roughly the size of the US economy). Four research areas: (1) Measuring Peace, i.e., the Global Peace Index; (2) Economics of Peace, i.e., The Economic Cost of Violence Containment
(20
14, 34p) estimates the global cost at $9.46 trillion in 2012; (3) Positive Peace, which analyzes the system of eight factors that work together to build positive peace, e.g., the quality of governmental functioning and the degree to which information flows freely; (4) Understanding Risk, i.e., the factors that incline societies toward lack of peacefulness (e.g., military expenditures and the prevalence of violent demonstrations). Offers consulting services in five areas: Quantitative Research and Analysis, Data Generation, Index Development, Communications and Advocacy, and Peace and Conflict Research. 17 reports (e.g., “The Consequences of War on the U.S Economy” and “The Link between Peace and Religion”) are downloadable from the site. c.20 staff. Founder and Executive Chair: industrialist/philanthropist Steve Killelea.

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