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The economic impact of violence in LAC [Recurso electrónico] PDF : implications for the EU

By: Contributor(s): Material type: TextSeries: ISS Brief ; 16Publication details: European Union Institute for Security Studies May 2017Description: 4 pSubject(s): Online resources: Summary: Violence and the fear of violence create, inter alia, significant economic disruptions. While violent incidents incur costs in the form of property damage, physical injury or psychological trauma, fear of violence alters economic behaviour, primarily by perturbing consumer patterns but also in diverting public and private resources away from productive activities and towards protective measures. Combined, they generate significant welfare losses in the form of productivity shortfalls, foregone earnings and distorted expenditure – all of which affect the price of goods and services. Measuring the scale and cost of violence has, therefore, important implications for assessing the effects it has on economic activity.
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Centro de Análisis y Prospectiva de la Guardia Civil Biblioteca Digital Available 2018372
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Violence and the fear of violence create, inter alia, significant economic disruptions. While violent incidents incur costs in the form of property damage, physical injury or psychological trauma, fear of violence alters economic behaviour, primarily by perturbing consumer patterns but also in diverting public and private resources away from productive activities and towards protective measures.

Combined, they generate significant welfare losses in the form of productivity shortfalls, foregone earnings and distorted expenditure – all of which affect the price of goods and services. Measuring the scale and cost of violence has, therefore, important implications for assessing the effects it has on economic activity.

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