The Impact of 9/11 on Globalization

Paper Summary:

This paper studies the immediate effects of the attack and its influence on the U.S. economy. It then moves on to the event's international impact, namely, the threat of the first synchronized world recession of the globalization era. Surveys are cited and the importance of globalization to the U.S. is explored. It concludes with an inclusion of the positive aspects of terrorism's influence on globalization.

From the Paper:

"On September 11, 2001, terrorist attacks against the United States resulting in the destruction of the Twin Towers and the deaths of thousands. As a result, the repercussions of the attacks have rippled through the American economy and affected the phenomenon of globalization.

"As a result of the terrorism attacks, many businesses were forced to shut down or downsize; travel and luxury industries experienced an enormous blow; and trade around the world decreased."

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• Research Paper # 98477 : "9/11 and The Macroeconomy"

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