Understanding the contribution of crime to South Africa¡¯s low trend growth is critical to designing and implementing the right policies to combat and mitigate the costs of crime on the economy and society. Å·ÃÀÈÕb´óƬ and the African Futures and Innovation program of the Institute for Security Studies (ISS) will explore this topic at the launch of the South Africa Economic Update, edition 14 entitled: Safety First: The Economic Cost of Crime in South Africa.
The South Africa Economic Update is designed to contribute to policy dialogue and debate. This edition marks a significant milestone in quantifying economic impacts of crime on the economy, and its implications for economic growth and development ¨C a topic that has not sufficiently been explored in a comprehensive manner.
This shares research, analysis, and ideas on how to confront the problem of crime. Addressing its socio-economic costs are critical for South Africa¡¯s future because they affect economic growth, jobs, and inclusion.
The launch was opened by the World Bank Country Director for South Africa, Marie Francoise-Marie-Nelly, followed by a presentation of recent economic developments and the outlook for South Africa; and the findings of analysis on the economic cost of crime on the South African economy. A panel discussion by leading policy makers, subject matter experts and stakeholders from affected sectors shared the analysis and recommendations.
