The Impact of Terrorism

Paper Summary:

The paper explains that the economic results of terrorism can be broken down into short-term direct effects; medium-term confidence consequences and longer-term productivity impacts. The paper reveals that the impact of 9/11 was not as considerable as would have been expected, but emphasizes that industries and organizations must implement measures to prepare for another such attack. The paper asserts that it is not a question 'if' there will be another attack, it is a question of 'when'.

From the Paper:

"When a terrorism attack hits a country, such as September 11, 2001, naturally the citizens of that nation are most affected. They are the ones who are immediately impacted by the injuries and deaths of peers, friends and loved ones, the shut down of production and services, and the psychological and physical long-term effects. However, such an attack also impacts the rest of the world economically, either through the way that the national organizations have difficulty fulfilling their international obligations or the way that other countries perceive that they, too, are being threatened by these same terrorists."

Sample of Sources Used:

• Bruck, T.and Wickstrom, B. (2004) The economic consequences of terror:guest editor's introduction, The European Journal of Political Economy 20,293-300.
• Coleman, K. (July 7, 2004) Terrorism Risk Management For Finance and Insurance Organizations. Council on Foreign Relations. Retrieved August 17, 2007. http://www.directionsmag.com/printer.php?article_id=593
• Crise, C., (2000) The Dow and the dollar. Warburg Dillon Reed Global Economic Strategy Research.
• Dermisi, S.V. (2007). Impact of Terrorism Fears on Downtown Real Estate Chicago Office Market Cycles. The Journal of Real Estate Portfolio Management. 13(1) 57-73
• International Monetary Fund (IMF) (1996). Sri Lanka - IMF Staff Country Report 96/100. Washington: International Monetary Fund.

More papers on The Impact of Terrorism:

• Research Paper # 112462 : "The Impact of Terrorism"
• Term Paper # 122255 : "Economic Impact of Terrorism"
• Research Paper # 9063 : "The Impact of the Terrorist Attacks on New York City"

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