Speed Limit and Safety: Importance for Traffic Flows

Abstract

Speed is one of the main factors influencing traffic accidents. The World Health Organization says that 1.3 million people die in road accidents every year and between 20 and 50 million are injured. At the same time, it is worth noting that road accidents also have significant economic costs. According to the study "Investing in Road Safety: A Global Imperative for the Private Sector," accidents cost the global economy $518 billion per year.