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Excerpt: "The report by the Institute for Economics and Peace (IEP) also claimed that conflicts in Syria, Iraq and Afghanistan were responsible for most of the deaths in the world."

A soldier with A Company 3rd Battalion 7th Infantry Regiment walks through the desert near Karbala in central Iraq in 2003. (photo: AP)
A soldier with A Company 3rd Battalion 7th Infantry Regiment walks through the desert near Karbala in central Iraq in 2003. (photo: AP)


Global Cost of War Was $14 Trillion Last Year

By teleSUR

20 June 15

 

If “global violence were to decrease by 10 percent uniformly, an additional US$1.43 trillion would effectively be added to the world economy.”

new report released Friday said that the global cost of war was soaring as it was US$14 trillion in 2014.

The report by the Institute for Economics and Peace (IEP) also claimed that conflicts in Syria, Iraq and Afghanistan were responsible for most of the deaths in the world.

According to the report, Syria remained the least peaceful place on Earth, followed by Iraq and Afghanistan, with the United States contributing violence in all three nations. “Last year alone it is estimated that 20,000 people were killed in terrorist attacks up from an average of 2,000 a year only 10 years ago,” the report said.

The Global Peace Index report said that war spending amounts to 13 percent of the global GDP, which is almost the combined value of the economies of United Kingdom, France, Germany, Canada, Spain and Brazil.

Steve Killelea, Founder and Executive Chairman, Institute for Economics and Peace said if “global violence were to decrease by 10 percent uniformly, an additional US$1.43 trillion would effectively be added to the world economy.”

“[Year] 2014 was marked by contradictory trends: on the one hand many countries in the OECD [Organization for Economic Co-operation and Development] achieved historically high levels of peace, while on the other, strife-torn nations, especially in the Middle East, became more violent. This is a real concern as these conflicts become even more intractable they spread terrorism to other states,” Killelea added.

Published annually since 2008, the Global Peace Index uses 23 indicators and three key themes; “level of safety and security in society,” “the extent of domestic and international conflict,” and “the degree of militarization.”

Those killed as a result of conflicts has risen from just 49,000 people in 2010 to 180,000 in 2014, as the Middle East and North Africa became the least peaceful regions in the world since the index began in 2008.

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+8 # danireland46 2015-06-20 10:14
A list of who, or what corporations got the bulk of that $14 trillion, besides the MIC, needs to be published. The press clamors for more beheadings to vilify ISIS, but the true enemies of America will be found on that list.
 
 
+6 # Archie1954 2015-06-20 13:13
the greatest number of deaths are related to three main sources of violence, all of which have an American component. In fact the US actually started two of the wars and helped commence the third.
 
 
+2 # think4once 2015-06-21 06:55
Is anyone disgusted and furious yet?

14 Trillion,, in ONE YEAR?

From article "13 percent of the global GDP, which is almost the combined value of the economies of United Kingdom, France, Germany, Canada, Spain and Brazil"

That's an impossible number.. Who actually paid tat amount? And to whome was it paid?

Veterans, elderly, homeless, jobless, infrastructure. No we can't help with that cause we're too busy pretending to fight an enemy that we created!
 
 
+2 # Activista 2015-06-21 11:13
The militarism (war profit) is number one sickness of our society - add to it nuclear arms - potential to the global destruction. We need to stop it - everything else has lower priority.
 
 
+1 # PABLO DIABLO 2015-06-21 12:19
Gotta keep the war machine fed. WAKE UP AMERICA.
 

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