Armed violence and development
Gun violence exacerbates poverty. At the same time, poverty provides the ideal breeding ground for gun violence. Sustainable development is undermined as long as this cycle remains unbroken.
Lost productivity due to homicides alone is conservatively estimated at between USD $95 and 163 billion each year. An estimated 60% of these homicides were carried out with firearms. Violence due to armed conflict can also decrease the annual growth of a typical economy by 2%.
The UN General Assembly has acknowledged this link between gun violence and development, as did the 2005 World Summit. Many countries support the Geneva Declaration on Armed Violence & Development, which seeks to achieve measurable reductions in the global burden of armed violence by 2015.