The dollar cost of wars

“In 2019, the World Economic Forum estimated that violent conflict cost the world $14.4 trillion, with 10 percent of global GDP being spent on causing and then repairing the damage caused. Much of the cost is on military expenditure, which topped $2 trillion for the first time last year. At the same time, the World Bank estimates that violent conflict causes 80 percent of all humanitarian needs.

Preventing conflict and building peace is a bargain in comparison, though it is hardly a predictable or easy line of work. As the G7 meetings begin in Hiroshima, leaders must do everything in their power to ensure this new age of geopolitics also does not become an age remembered primarily for violence.” — Al Jazeera