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Wars Cost World $13 Trillion Last Year

Wars and other conflicts cost the global economy more than $13.6 trillion, some 13 percent of global GDP, in 2015, according to an annual study on the cost of violence. The Global Peace Index for 2016, which was compiled by the Institute of Economics and Peace in Australia, ranks 163 countries by the level of peace they are experiencing. According to the study "The last decade has seen a historic decline in world peace, interrupting the long term improvements since...

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