Berto Jongman: Opportunity Cost of Peace $9.46 Trillion in 2012 –11% of Gross World Product Lost to War
How Much Is Peace Actually Worth? According to an emerging branch of economics, approximately $9.46 trillion. Talia Hagerty Pacific Standard, 22 April 2014 EXTRACT The most recent study published by the Institute for Economics and Peace (IEP) found that violence cost the world $9.46 trillion in 2012 alone. That’s 11 percent of gross world product. …