PEACE
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Violent Crime<br />
Violent crime includes violent assault and sexual crimes.<br />
The global economic impact of violent and sexual assault<br />
amounted to $544 billion PPP in 2015. Sexual assault alone<br />
produced an economic impact of $125 billion PPP. Violent<br />
crimes have short and long term consequences to the victim<br />
and society. Violence imposes tangible costs, such as the cost<br />
of medical and mental health services, police investigation<br />
and the justice system. In addition, the psychological trauma<br />
and fear of victimization in society impose intangible costs.<br />
For example, individuals who have been the victim of rape<br />
or sexual assault are six times more likely to report having<br />
attempted suicide. 20<br />
Large disparities are detected between crime victimisation<br />
survey data and law enforcement data on violent assault and<br />
sexual crimes due to the high underreporting and underrecording<br />
rates of violence. IEP uses data from the United<br />
Nations Office on Drugs and Crime (UNODC), which<br />
reports police recorded violence at the national level. IEP<br />
estimates of the cost of violent assault is highly conservative<br />
and underestimates the true economic implication of these<br />
crimes, given the underreporting rate and the limited<br />
categories of crimes included in the UNODC data.<br />
The large adverse social and economic consequences of<br />
interpersonal violence on individuals and societies highlights<br />
the importance of prevention activities. Prevention programs<br />
on behaviour change, promoting a positive attitude and<br />
negative view of violence, correcting misperceptions and<br />
engaging the larger society, such as through bystander<br />
behaviour change programs, has produced positive results. 21<br />
These programs are mostly implemented in high income<br />
contexts and have proven effective in reducing interpersonal<br />
violence and sexual violence in particular.<br />
Fear of insecurity & crime<br />
Fear of victimisation due to high levels of violent<br />
crime or conflict has social and economic implications.<br />
Consumption and investment behaviours are affected<br />
by fear of victimisation. In addition, lower levels of<br />
economic activity and property value are observed in<br />
neighbourhoods with high fear of crime. Similarly, fear of<br />
victimisation also decreases social cohesion by reducing<br />
the level of trust in society.<br />
Fear of victimisation produces direct and indirect costs.<br />
Direct costs include additional personal security measures,<br />
productivity losses and health losses. The indirect costs<br />
include a changed view of society (loss of trust) and<br />
behaviour changes. The economic impact associated with<br />
the indirect costs of fear of crime and insecurity was $120<br />
billion PPP in 2015.<br />
A higher proportion of people report fear of victimisation<br />
in South America (50 per cent) and Central America<br />
and the Caribbean (49 per cent), followed by sub-Sharan<br />
Africa (40 per cent). These regions also suffer from high<br />
levels of homicide and violent crimes. The level of fear is<br />
high in countries with lower levels of peacefulness. Among<br />
other things, previous victimisation, the level of crime in<br />
the area and exposure to crime news via the media are<br />
significant correlates of the level of fear. 22 As would be<br />
expected, the proportion of people reporting fear increases<br />
as the level of peacefulness deteriorates in a country.<br />
FIGURE 19 TREND IN MILITARY EXPENDITURE, 2000-2015<br />
Total global military expenditure has been falling since 2011.<br />
2,000<br />
1,800<br />
CONSTANT 2014 US$, MILLIONS<br />
1,600<br />
1,400<br />
1,200<br />
1,000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015<br />
Source: SIPRI<br />
THE ECONOMIC VALUE OF <strong>PEACE</strong> 2016 | Results & Trends 26