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Parkop : More than K18 billion lost in productivity due to violence

He also stated that a single mother with one child can lose up to K2,500 in daily income due to violence against women. According to Parkop, the costs of violence against women in Papua New Guinea are multifaceted, encompassing not only direct economic losses but also social and emotional impacts. These losses can be seen in the following areas:

  • Economic costs: The economic cost of violence in Papua New Guinea is substantial, with NCD Governor Powes Parkop estimating a total of K64 billion. This amount represents the financial losses incurred by the country due to the inability of women to work and contribute to the economy.
  • Opportunity costs: The inability of women to work due to violence against them results in lost productivity and missed opportunities for economic growth. For example, a single mother with one child can lose up to K2,500 in daily income due to violence against her. This loss of income not only affects the individual but also has a ripple effect on the family and the broader economy.
  • Social costs: Violence against women also has significant social costs. These costs can be seen in the following areas:
  • Healthcare costs: Violence against women can lead to physical and emotional trauma, resulting in increased healthcare costs.

    The Relationship Between Education and Wealth

    Education is often seen as a key factor in determining an individual’s wealth. Higher levels of education are typically associated with higher-paying jobs, better career prospects, and increased earning potential. However, the relationship between education and wealth is complex, and there are many factors that can influence an individual’s economic status. • Higher education can lead to increased earning potential, but it does not guarantee wealth. • Other factors such as job opportunities, industry, and location can also impact an individual’s wealth.

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