PEACE ECONOMICS: PRIVATE SECTOR BUSINESS INVOLVEMENT IN CONFLICT PREVENTION

Conflict prevention has escaped pure state responsibility and needs to involve a wide range of societal actors, including business. The private sector, especially multinational corporations, can powerfully contribute to comprehensive peace building and derive profit from doing so. However, profit-oriented behavior can also endanger peace, unless the economic incentive structure induces conflict preventing business strategies. Yet, such ideal scenario requires commitment from the state, the civil society and the companies themselves