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Peace economics in a changing world

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  • Raymond Gilpin

    (Africa Center for Strategic Studies, National Defense University, Washington, D.C., USA)

Abstract

Even though the global economy continues to grow and technological advancements expand horizons, over half of the world’s population experiences profound want and fear on a daily basis. The global poor are predominantly found in countries that are underdeveloped and/or conflict-affected. Traditional economics has failed to provide an analytical framework that is both appropriate and transferrable, particularly in contexts where Westphalian assumptions of statehood do not hold true. Globalization, the rise of nonstate actors, and the existence of persistent low-intensity conflict have reconfigured the geostrategic landscape. By emphasizing the use of economic principles to promote peace through the design and implementation of strategies that foster efficiency and inclusion, peace economics could provide a viable framework for the development and security of fragile states and regions. This article examines the evolution of the discipline, analyzes potential challenges posed by fragile states, and proposes six recommendations for contemporary peace economists.

Suggested Citation

  • Raymond Gilpin, 2017. "Peace economics in a changing world," Economics of Peace and Security Journal, EPS Publishing, vol. 12(2), pages 32-36, October.
    • Handle: RePEc:epc:journl:v:12:y:2017:i:2:p:32-36
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    File URL: http://www.epsjournal.org.uk/index.php/EPSJ/article/view/297
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    References listed on IDEAS

    as
    1. del Castillo, Graciana, 2008. "Rebuilding War-Torn States: The Challenge of Post-Conflict Economic Reconstruction," OUP Catalogue, Oxford University Press, number 9780199237739.
    2. Raul Caruso, 2015. "Beyond deterrence and decline. Towards a general understanding of peace economics," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 123(1), pages 57-74.
    3. Raul Caruso, 2015. "Beyond deterrence and decline. Towards a general understanding of peace economics," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 128(1), pages 57-74.
    4. Jan Tinbergen, 1990. "World Security and Equity," Books, Edward Elgar Publishing, number 428.
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    More about this item

    Keywords

    Peace economics;

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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