This paper explores the effects of terrorism on the global economy since September 11th.
Written in 2008; 2,729 words; 3 sources; MLA; $ 81.95
Paper Summary:
The paper examines the state of the world economy both before and after the September 11th terrorist attack in order to evaluate if there is a significant economic change after accounting for other, usual, economic factors. The paper reveals that while the economic effects of September 11th were large and varied, they were incredibly small when weighed against the total productive capacity of the world economy. The paper does point out, however, that the idea that terrorism represents an incredible economic risk is a strong incentive for investors to shift capital away from regions that are afflicted with terrorism. The paper therefore calls for the perception of the dangers of terrorism be minimized.
From the Paper:
"Without question, terrorism has dramatic and significant impacts. The human cost can be high, and the damage can be extensive depending on the target and the method. However, it is unclear to some degree whether or not terrorism has a palpable impact on the global economy. Certainly, there are immediate economic impacts at the site of the terrorist attack and these effects will be felt in that region. However, the degree to which a terrorist attack is capable of impacting the global economy is less certain. Commonsense tells us that major acts of terrorism will impact the global economy, but commonsense is not necessarily the best indicator of financial effects."
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