Cost of Crime in Latin America and the Caribbean equivalent to 78% of public budget for education

Monday, November 25th 2024 - 09:15 UTC

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Latin America and the Caribbean social and economic development remains heavily burdened by crime and violence, a new Inter-American Development Bank (IDB) study shows. The direct costs of crime and violence in Latin America reached 3.44% of the region’s Gross Domestic Product (GDP) in 2022, mostly unchanged from a previous IDB study published in 2017. Read full article

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FortHay
The study claims “ that crime . . . drives inequality, . . .”, but quite the opposite is true. The comparison with a number of European countries highlights this. Compare their inequality indexes with this of Latin America's ( https://en.wikipedia.org/wiki/List_of_countries_by_income_inequality ) and what stands out is the strong correlation. I am clear on the concept that correlation does not mean causation, but a number of studies have shown it to be the case. The societal cost of lawlessness is likely understated. The failure of governments to provide their foremost obligation, deliver law and order, is difficult to measure. What is the cost in quality of life when citizens that used to gather in front of their houses in the evening to chat and now are obliged to hide like prisoners in their own owns behind bars?
Nov 25th, 2024 - 05:23 pm - Link - Report abuse 0
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