By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – According to a recent report by the Inter-American Development Bank (IDB) violence costs in Brazil were one of the highest recorded in the Southern Cone of South America, with most of the spending towards combating violence going to private security.
“[Brazil] is the country with the highest costs of crime in nominal terms. Violence accounted for US$76,068 million in losses to the country in 2014 in a conservative scenario, representing 53 percent of the total cost of crime in Latin America and Caribbean and 78 percent in . . .