Peace Industry

Peace Industry

The Peace Industry is defined as comprising those industries that ‘Thrive in Peace’, i.e. businesses that see their markets expand and their costs diminish as levels of violence decrease and peacefulness increases.

The term was first used at the launch of the 2008 edition of the Global Peace Index in an effort to underpin the study of the interrelationship between economics, business and peace. By defining the peace industry, the size of the economy that directly benefits from improved peacefulness, can be quantified. Through creating a new beneficial association between profits and peace, industries will also be able to develop new alliances that work in their common interest.

To illustrate just some of the industries that would belong to the [http://www.visionofhumanity.org/business-peace/overview.php Peace Industry] the following have been selected: insurance, retail, commercial aviation, financial services and tourism.

One of the key findings of The Global Peace Index [http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-30-2007/0004598231] [http://www.economist.com/world/international/displaystory.cfm?story_id=9266967] - the first study ever to rank the nations of the world by their peacefulness and to identify the key drivers of peace - is that there is a strong relationship between peace and national wealth. This was established by the Economist Intelligence Unit whose analysts found that a strong correlation exists between per capita income and the rankings of the 2007 and 2008 Global Peace Index. Further study carried out by the [http://www.strategicforesight.com Strategic Foresight Group] found that the World Economic Forum’s Global Competitiveness Report and the World Bank’s Ease of Doing Business Index also showed a strong correlation with the Global Peace Index.

In defining the Peace Industry, Steve Killelea, Founder of the Global Peace Index and the [http://www.visionofhumanity.org//peace-initiatives/4/institute-for-economics-and-peace/ Institute for Economics and Peace] , noted that “while it seems intuitive that peace creates more economic benefits to a society than violence or war and it is evident that businesses wish to invest in areas where there is minimal violence, the value of peace to the world economy is poorly understood. Business needs metrics that will help it to measure the potential changes that occur in the size of their markets and reduction in their costs through increased peacefulness”.

Initial groundbreaking research carried out by the Institute for Economics and Peace indicates that there is a strong relationship between a nation’s ranking in peacefulness and the size of a nation’s retail sector, stock markets, health industry and tourism industry and that changes in peacefulness can be used to calculate changes in market sizes. These studies may form the basis of a new academic discipline around economics and peace [http://www.ipsnews.net/news.asp?idnews=42492] .

External links

* [http://www.visionofhumanity.org Global Peace Index website]
* [http://www.visionofhumanity.org/business-peace/overview.php Study of the Peace Industry]
* [http://www.ft.com/cms/s/0/c3f08d7e-2608-11dd-b510-000077b07658.html Financial Times article]
* [http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-30-2007/0004598231 Global Peace Index article on PR Newswire]
* [http://www.economist.com/world/international/displaystory.cfm?story_id=9266967 Global Peace Index article on The Economist]

References

*Stewart, Frances and Fitzgerald, Valpy and associates, "War and Underdevelopment; Volume 1, The Economic and Social Consequences of Conflict" Oxfor University Press, 2001
*Clive Granger,"The Economics of Peace", Discussion Paper, 2004
*http://www.ipsnews.net/news.asp?idnews=42492


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Peace and conflict studies — Peace Research redirects here Peace and conflict studies is a social science field that identifies and analyses violent and nonviolent behaviours as well as the structural mechanisms attending social conflicts with a view towards understanding… …   Wikipedia

  • Peace Journalism — Peace Media , Conflict Resolving Media , Conflict Sensitive Journalism , Conflict Solution Journalism , Reporting the World , Constructive Conflict Coverage, and Peacebuilding Media redirect here. A comparison of peace journalism and war… …   Wikipedia

  • Peace Dale, Rhode Island — Peace Dale Historic District U.S. National Register of Historic Places U.S. Historic district …   Wikipedia

  • Peace in Africa (ship) — Peace in Africa during the 2006 refitting on the Tyne. Photo by Gary Williams. Career …   Wikipedia

  • Peace Monument — The Peace Monument, also known as the Naval Monument or Civil War Sailors Monument, stands on the grounds of the United States Capitol in Peace Circle at First Street, N.W., and Pennsylvania Avenue, Washington, D.C. The 44 foot (13.4 m) high… …   Wikipedia

  • Peace Action Wellington — (PAW) is an organisation in Wellington, New Zealand, that campaigns for peace, justice and self determination.The group was founded in 2002 to oppose wars, particularly the 2003 invasion of Iraq, and played a prominent role in the New Zealand… …   Wikipedia

  • Industry —    Industry became an important, diverse, and fast growing sector of the Israeli economy that contributed about one third of the gross national product by the late 1970s and also became a major source of employment and of commodity exports. The… …   Historical Dictionary of Israel

  • Peace Tower — For other uses, see Peace Tower (disambiguation). Coordinates: 45°25′30″N 75°42′00″W / 45.4249°N 75.6999°W / 45.4249; 75.699 …   Wikipedia

  • Peace River Regional District — The Peace River Regional District is a regional district in northeastern British Columbia, Canada. The regional district comprises seven municipalities and four electoral areas. Its member municipalities are the cities of Fort St. John and Dawson …   Wikipedia

  • Peace Dollar — Infobox Coin Country = United States Denomination = Peace Dollar Value = 1.00 Unit = U.S. dollars Mass = 26.73 Diameter = 38.1 Thickness = 2.0 Edge = reeded Composition = 90.0% Ag 10.0% Cu Years of Minting = 1921 ndash;1928; 1934 ndash;1935; 1964 …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”