SUNY Canton Economics of Crime Discussion

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SUNY CANTON

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Describe how crime impacts the economy on a national and international scale. Discuss both the challenges and advantages of measuring the impacts of crime.

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Economics of Crime

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Economics of Crime
Measuring crime is an important activity in crime prevention. This is done by collecting
data from various sources. Criminologists make their conclusions about the impacts of crime
based on the measurements produced (Ardizzi et al., 2014). Equally, policymakers use these
measurements in developing crime prevention programs or policies. Essentially, crime affects
society economically, socially, and politically. Crime measurement can be narrowed to each of
these effects. To measure the impacts of crime on the economy, the crime trend is compared with
the economic trend during a specific period. So, crime data sources are used alongside economic
data sources. Crime has an adverse impact on the economy nationally, and internationally.
Impacts of Crime on Economy
National Scale
Crime reduces the government's investment in projects that boost the economy. The cost
of policing rises when the crime is high. This happens as the government deploys more police to
contain crime. When the government increases its spending on policing, it reduces its spending
on infrastructure projects and other public sectors (Jalles & Andresen, 2017). By doing so, the
country foregoes the economic benefits it could have accrued from the development of these
sectors. Spending a large amount of money on policing services is not a productive use of
capital. It undermines a country’s economic growth. When a crime is low, the government
spends less on policing activities (Dugato et al., 2019). More money is put into business
development projects. That is a productive use of capital. The outcome is the growth of the
economy. Therefore, crime slows the economic growth of a country by influencing the
government to put its capital to unproductive use.

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Crime has direct economic losses. Some crimes are against properties. These crimes lead
to the destruction of businesses, and properties. Destruction happens in crimes such as arson. In
crimes like robbery and burglary, people are deprived of their properties. In both cases,
economic lo...


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