The Institute for Economics and Peace (IEP)
The Institute for Economics and Peace (IEP) is an international research institute dedicated to building a greater understanding of the inter-relationships between business, peace and economics, with a particular emphasis on the economic benefits of peace. IEP is well known internationally for the Global Peace Index (GPI), now in its fifth year. The GPI has raised significant awareness about the drivers and indicators of peace and has become a valued resource used by major organizations and governments around the world.
Since producing the first Global Peace Index in 2007, the Institute for Economics and Peace has been asked to develop a number of national or country-specific peace indices.
In April 2011 the Institute released its first national peace index; the inaugural United States Peace Index (USPI).The USPI is the first in a series of national peace indices that will further our understanding of what types of environments are associated with peace and help to identify the positive economic impacts of increased levels of peacefulness at a regional rather than national level. The Institute also leads numerous other research and academic initiatives that will further advance society’s understanding of peace and its economic impact.
Founded in 2007 with offices in Sydney and New York, IEP is non-partisan and not-for-profit, and partners with numerous leading organisations including the Aspen Institute, the Stockholm International Peace Research Institute (SIPRI), New York University, Columbia Earth Institute, Club de Madrid, the Center for Strategic and International Studies (CSIS), Monash University and Cranfield Business School.
Why Economics and Peace?
Economic development, business and peace are interlinked. There is little doubt that peace creates more economic benefits to a society than violence or war. Peace is conducive to business and areas of minimal violence are attractive to business investors. At the same time, business can play a decisive role in building and strengthening global peace through job and wealth creation.
Yet the value of peace to the world economy is poorly understood. There is little understanding of the impacts of peace on business. There have been few studies on how to calculate the impact of improved peacefulness on a company’s market, costs structure or profit. The Institute for Economics and Peace was established to fill this gap.
Structures of Peace Framework and Report
Structures of Peace is a report produced by the Institute for Economics and Peace that identifies what leads to peaceful societies. Structures of Peace is a new conceptual framework for understanding and describing the factors that create a peaceful society. Derived from an empirical and statistical analysis of the Global Peace Index. Over 300 country data sets were used to define the key economic, political and cultural determinants that foster the creation of a more peaceful society.
The Structures of Peace, derived from the analysis presented in the report, consist of the following elements:
- Well-functioning government
- Sound business environment
- Equitable distribution of resources
- Acceptance of the rights of others
- Good relations with neighbors
- Free flow of information
- High levels of education
- Low levels of corruption
These eight factors were found to be associated with peaceful environments and can be seen as both interdependent and positively reinforcing of each other. This means the relative strength of any one ‘structure’ has the potential to either positively or negatively influence peace.
Figure 1: The Structures of Peace ‑ An intuitive eight‑part taxonomy to visualize the key determinants of peace
- Peace Index, The Global
- United States Peace Index
- United Kingdom Peace Index
- Mexico Peace Index
- Global Peace Index Report 2012
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