Pellau Magazine

The Inter-American Development Bank says several commissioned studies have revealed that crime and violence have had a dramatic impact on women, youth and the economic well-being of families in Latin America and the Caribbean.

A statement issued by the organization said  the  new studies “underscore the more hidden dimensions of the cost of crime” on regional economies, by looking at issues such as women’s health and property values”.

The IDB said studies were the result of a call for proposals to academics and other experts to use innovative and appropriate methodologies to measure the cost of crime and violence in the region.

Out of a total of 117 proposals received, eight were presented by their authors at a January 24–25 seminar at the IDB headquarters.

The Washington-based financial institution said Latin American and Caribbean citizens cite crime and violence as their top concern, above unemployment, healthcare and other issues.

It said the region suffers from some of the world’s highest homicide rates, stating that 20 of the world’s most violent cities are located in Latin America and the Caribbean.

The IDB said it aims to support the efforts of public institutions to better prevent crime and violence with actions that include social initiatives focused on the creation of opportunities for young people, strengthening management of police and penal justice, and with better rehabilitation.

via Eden Apparel TT http://www.edenappareltt.tk/2013/01/business-watch-crime-and-violence-in.html