Crime and violence inflict high costs on the private sector--costs that are rising globally, according to the World Bank's Enterprise Surveys, discussions with chambers and associations, and the Bank's Country Partnership Strategies, which reference the losses in terms of gross domestic product (GDP). In Latin America and the Caribbean, for example, losses due to crime and violence have been estimated at 9 percent of GDP in Honduras, 7.7 percent in El Salvador, and 3.6 percent in Costa Rica. In sectors such as clothing assembly, international purchasers can shift know-how and capital quickly...
Crime and violence inflict high costs on the private sector--costs that are rising globally, according to the World Bank's Enterprise Surveys, discuss...