In addition to being a major area of research within International Relations, peacebuilding and statebuilding is a major policy area within the UN and other international and regional organizations. It is also a concern of international financial institutions, including the World Bank, and a significant factor in the foreign and security policies of many established and emerging democracies. Peacebuilding and statebuilding are among the main approaches for preventing, managing, and mitigating global insecurities; dealing with the humanitarian consequences of civil wars; and expanding democracy and neoliberal economic regimes. Peace formation is a relatively new concept, addressing how local actors work in parallel to international and national projects, and helps shape the legitimacy of peace processes and state reform.