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| Institute for Economics and Peace | |
|---|---|
| Name | Institute for Economics and Peace |
| Type | Think tank |
| Founded | 2007 |
| Founder | Steve Killelea |
| Headquarters | Sydney, Australia |
| Region | Global |
Institute for Economics and Peace
The Institute for Economics and Peace is an independent global think tank known for developing the Global Peace Index and producing research linking peacebuilding to socioeconomic outcomes. Founded by Steve Killelea in Sydney, the organization has published reports covering topics from terrorism trends to the economic impact of violence and has engaged with international institutions, nongovernmental organizations, and national governments.
The institute was established in 2007 by Steve Killelea following work with organizations such as The Elders, World Economic Forum, and United Nations affiliates. Early collaborations connected the institute to projects involving Nobel Peace Prize laureates, United Nations Development Programme, and analysts from Stockholm International Peace Research Institute. The organization expanded research partnerships with universities including Harvard University, University of Oxford, Yale University, and University of Sydney and engaged with policy forums at United Nations General Assembly sessions and G20 meetings.
The institute states objectives to quantify and communicate the economic benefits of peace and the costs of violence, informing policy debates among entities such as International Monetary Fund, World Bank, European Commission, and African Union. Its mission emphasizes reducing levels of armed conflict and improving societal safety metrics used by agencies like United Nations Security Council and regional bodies such as Association of Southeast Asian Nations and Organization of American States.
Major publications include the annual Global Peace Index and related reports on topics like the economic cost of violence, terror trends, and demographic analyses used by institutions like International Committee of the Red Cross, Amnesty International, Human Rights Watch, and academic centers such as the Institute for Economics & Peace Research Centre. The institute has produced analyses referenced by media outlets including BBC News, The Economist, The New York Times, The Guardian, and Al Jazeera and cited in policy papers from think tanks like Chatham House, Brookings Institution, Council on Foreign Relations, and RAND Corporation.
The Global Peace Index ranks countries using indicators drawn from datasets maintained by entities such as World Bank, International Institute for Strategic Studies, SIPRI, Uppsala Conflict Data Program, and Global Terrorism Database. The methodology integrates measures related to internal and external conflict, safety and security, and militarization—data often compared with indices from Transparency International, Human Development Index reports by UNDP, and crime statistics compiled by Interpol. The index has been presented at forums including UNESCO meetings, OECD workshops, and presentations to national legislatures in countries like United States, United Kingdom, India, and Brazil.
The institute runs programs targeting policy engagement, capacity building, and region-specific analyses with partners such as United Nations Development Programme, European Union External Action Service, African Development Bank, and regional NGOs in places including Middle East, South America, Southeast Asia, and Sub-Saharan Africa. Initiatives have included counterterrorism economic assessments used by ministries in Australia, Canada, and Germany and peace investment frameworks promoted to sovereign wealth funds in countries like Norway and Qatar.
Funding sources reported include philanthropic foundations, corporate donors, and research grants from entities like Bill & Melinda Gates Foundation, Rockefeller Foundation, and regional development banks including the Asian Development Bank. Governance has involved a board with figures from academia and business who have held roles at institutions such as Harvard Kennedy School, London School of Economics, Columbia University, and multinational firms akin to McKinsey & Company and PwC.
The institute's work has been praised by officials from United Nations, European Parliament, and policymakers in Japan and South Korea for clarifying links between peace and prosperity, and cited in reports by World Economic Forum panels and by journalists at Financial Times. Criticism has focused on methodological choices in the Global Peace Index, with scholars from University of Chicago, Stanford University, and University of California, Berkeley questioning indicator weighting, data transparency, and the treatment of complex phenomena discussed in publications from Cambridge University Press and journals like Journal of Peace Research. Debates have involved commentators affiliated with International Crisis Group, Carnegie Endowment for International Peace, and advocacy groups such as Amnesty International.
Category:Think tanks