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by Peace on Earth Foundation

There is no culture or civilization that is inherently against the concept of “Peace on Earth”, yet conflict has shadowed the progress of civilization since the beginning of time.

While achieving peace is nuanced and complex, a practical consideration without sounding ideological, or naïve involves the economics of peace.

At its core, the economics of peace creates stability.  Redirecting vast resources from conflict management and military expenditures towards economic development, education, and social services boosts a nation’s growth and productivity.  According to the Institute for Economics and Peace, an independent, non-partisan think tank, the economic impact of violence on the global economy in 2021 was estimated at $16.5 trillion, about $2,117 per person globally or 10.9% of the world's GDP.1  Imagine the economic gains and positive impact on humanity if this staggering cost were to be channeled towards peacebuilding and conflict prevention?

Sadly, people living in constant conflict become accustomed to fear, distrust and aggression, making it difficult to envision a different reality.  Experiencing peace supports the expansion of “positive peace”2 by breaking the cycle of conflict.  Positive peace encompasses not only the absence of conflict but also expands justice, equality and human rights.  Naturally, countries with high levels of positive peace are also shown to enjoy higher GDP growth rates and better performance on sustainability measures and are better able to cope with internal and external shocks, such as economic downturns or natural disasters.

Investing in peace also means enhanced international trade and cooperation. Peaceful nations are more likely to engage in trade partnerships, attract foreign direct investment, and participate in global markets, further stimulating their economies. The positive correlation between peace and economic prosperity is also reflected in improved educational outcomes and healthcare systems, which in turn contribute to a more skilled workforce and a healthier population.

By prioritizing and investing in peace, nations can create a virtuous cycle of prosperity and stability, benefiting not only their own citizens but contributing to global economic health.


1 Vision of Humanity 2022, by the Institute for Economics & Peace. https://www.visionofhumanity.org

2 Positive Peace Report 2024, by the Institute for Economics & Peace, Analyzing the factors that build, predict and sustain peace. https://www.economicsandpeace.org/research/positive-peace-report