Released September 20, 2012
The size of economic activity that is devoted to inflicting, preventing or dealing with the consequences of violence is known as the Violence Containment Industry (VCI). In the U.S., Violence Containment costs around 15% of Gross Domestic Product each year and is the largest discrete industry.
Violence Containment Spending in the U.S., produced byInstitute for Economics and Peace, provides a new methodology to categorize and account for the public and private expenditure on containing violence.
While some spending on Violence Containment is necessary, the question is what is the optimal amount to spend on containing violence while cost effectively investing in future reductions of violence?
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