Business and Peace – It Takes Two to Tango

11/2020 | Markus Mayer, Ben Miller, Kathryn Nwajiaku-Dahou, with contribution from Johannes Schreuder.

Practice Areas

Jobs, jobs, jobs – according to the 2011 World Bank/UN report “Pathways to Peace” and United Nations Secretary-General António Guterres’ “Sustaining Peace” Agenda – are central in responding to the needs of war-torn societies and fragile contexts. As the thinking goes: job creation through economic development and corporate investment has an important stabilizing impact in fragile and conflict settings and therefore the private sector has a key role to play in peacebuilding.

But is it really that simple? Do we just have to create jobs, boost economic development and facilitate investment to enable divided communities and conflict actors to live better and more peacefully as neighbors? Of course, it is not that simple: we have known for decades that business activity can drive conflict, and that, in some cases, some businesses profit from conflict.

The relationship between business and peace poses a range of questions: What gaps exist in company practice and standards of responsible business?? How much responsibility do investors and banks bear as financiers of private sector development and company projects? How should aid funding best be allocated to ensure that business does not drive conflict? This newly edited paper aims to raise awareness of the opportunities and prospects but also the risks and challenges associated with the business and peacebuilding nexus.

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