Economics after 9.11

Paper Summary:

This paper evaluates the cost of terrorism from a global perspective. The writer examines the cost of terrorism, specifically those of September 11th. He then evaluates other terrorist threats that currently exist around the world and defends the United States? current position on pre-emptive attacks on nations deemed supporters of terrorism.

From the Paper:

"Economic costs of terrorism pail in comparison to the loss of human life. However, economic hardships that have been sustained as a result of terrorism are very real as well. The cost of the Word Trade Centers and surrounding buildings was over 21 billions dollars. That cost ends up being paid by the various companies that insured the twin towers. As a result of such large claims placed against them, many insurers are raising rates. Specifically, high-risk facilities such as Seattle's Space Needle and the Empire State Building may face insurance premiums hikes of over 50%. This raises the aggregate cost of doing business for the firms and individuals who own those buildings. Therefore, as insurers raise rates for all commercial properties rise, we expect to see a reduction in expansion rates for new office buildings. It may be difficult for firms to find and pay for highly desirable urban office space in the near future if this trend continues."

More papers on Economics after 9.11:

• Analytical Essay # 10081 : "Effects of 9-11 on the Gaming Industry"
• Analytical Essay # 139725 : "The American Economy,9-11 and the Iraq War"
• Comparison Essay # 134997 : "Pre-9/11 and Post-9/11 Intelligence Reform"

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