Business Insider Edition
A new report by the Global Peace Index for 2024 has revealed that the world is at a crossroads, and without concerted effort, there is a risk of a surge in major conflicts.
Globally, there are now 56 conflicts, the highest number since World War II. These conflicts have become increasingly international, with 92 countries involved in disputes beyond their borders—the most since the inception of the Global Peace Index (GPI).
The rise in minor conflicts increases the likelihood of more major conflicts in the future. For instance, in 2019, Ethiopia, Ukraine, and Gaza were all identified as minor conflicts.
DON’T MISS THIS: 10 most stable countries in Africa
Per the report, 97 countries deteriorated in peacefulness, more than any year since the inception of the Global Peace Index in 2008.
The global economic impact of violence increased to $19.1 trillion in 2023, representing 13.5% of global GDP. Exposure to conflict poses a significant supply chain risk for governments and businesses.
Militarisation recorded its largest yearly deterioration since the inception of the GPI, with 108 countries becoming more militarised.
DON’T MISS THIS: 10 African countries with the highest defence budget in 2024
In the first four months of 2024, conflict-related deaths globally amounted to 47,000. If the same rate continues for the rest of this year, it would be the highest number of conflict deaths since the Rwandan genocide in 1994.
In Africa, the report indicates that Mauritius is the most peaceful country for 2024, with an overall score of 1.577. Following Mauritius, Madagascar has a score of 1.838, and Botswana scores 1.863.
Thanks for signing up for our daily insight on the African economy. We bring you daily editor picks from the best Business Insider news content so you can stay updated on the latest topics and conversations on the African market, leaders, careers and lifestyle. Also join us across all of our other channels – we love to be connected!
© 2024 africa.businessinsider.com
About The Author
More Stories
How One Alum Helped Build a Community of Internet Leaders
The Tribal Broadband Bootcamps Celebrate Their Five-Year Anniversary
Adaptability and Resilience: Q&A with New Board Chair Brian Haberman