The Impact of Terrorism

Paper Summary:

The paper examines the benefits and costs of terrorism for the terrorist and reveals that, although the international position in regard to terrorism is clear, no specific act or laws exist to prevent and punish these crimes. The paper reveals further that globalization and market liberalization can easily be perceived as a force increasing the opportunity cost of becoming a terrorist. Finally, the paper evaluates the economic impact of terrorist acts on international powers.

Outline:
Abstract
Terrorists' Incentives
Anti-Terrorist Policies
Policy Instruments and How They Affect Terrorism
Economic Consequences
Conclusions

From the Paper:

"What was once seen on television as part of temporary news broadcasts is now more and more present to even become a global threat. Terrorism is "the threat or use of violence, often against the civilian population, to achieve political or social ends, to intimidate opponents, or to publicize grievances" (The Columbia Encyclopedia, 2007). The most jeopardizing feature of terrorism for a community is given by the fact that it most often targets innocent civilians and it becomes a danger to all of us, everywhere we may be: the shopping mall, the street, the train or even our workplace. "Terrorism, like the plague in the Middle Ages, frightens both leaders and citizens. It is a disease that is spreading, its cure is unknown" (Deutch, 1997). But aside from the social aspect of terrorist attacks, there are also other major implications in the field of economics and politics. The major economic effects could revolve around the flourishing or decline of certain industrial sectors or the effects felt by the operations of international trade."

Sample of Sources Used:

• Balkin, K.F., 2004, Antiterrorist Policies Jeopardize Immigrant's Civil Rights, The Lawyers Committee for Human Rights, Greenhaven Press
• Bergesen, A.J., Han, Y., 2005, New Directions for Terrorism Research, International Journal of Comparative Sociology, Vol. 46
• Deutch, J.M., 1997, Terrorism, Foreign Policy, No. 108
• Halwani, R., 2006, Terrorism: Definition, Justification and Applications, Social Theory and Practice, Vol. 32
• Morris, E., 2006, In the Name of Terrorism: Presidents on Political Violence in the Post-World War II Era, Argumentation and Advocacy, Vol. 42

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