Stewart Patrick, CFR Senior Fellow and Director of the Program on International Institutions and Global Governance, yesterday published a post on his blog about the impact of crime on economic development and how to combat it. In the post, which summarizes Patrick’s recent remarks to the UN General Assembly, he argues that both transnational organized crime and local malfeasance are enormous drains on development. As he notes:
Estimates suggest, for example, that if Jamaica and Haiti could reduce their homicide rates to the levels of Costa Rica, their growth rate would increase by 5.4 percent annually.
The full text of the post is available here.