Table of Contents
- 1 What are the main effects of terrorism?
- 2 What are the long term effects of terrorism?
- 3 What are the economic consequences of terrorism?
- 4 How has terrorism affected global trade?
- 5 What are the adverse effects of terrorism in the country?
- 6 How does terrorism impact a society and business particularly international business?
What are the main effects of terrorism?
Terrorism indirectly affects the economy by creating market uncertainty, xenophobia, loss of tourism, and increased insurance claims.
- Direct Economic Destruction.
- Increased Uncertainty in the Markets.
- Insurance, Trade, Tourism, and FDI.
- War Is the Health of the State.
- Increased Nationalism and Foreign Skepticism.
What are the long term effects of terrorism?
In addition to PTSD, many of the victims of a terrorist attack may suffer the death of family members, close friends, or work colleagues, which can lead to a complicated bereavement with its own elevated risk for depression, self medication, and substance abuse.
What are the economic consequences of terrorism?
Terrorist incidents have economic consequences by diverting foreign direct investment (FDI), destroying infrastructure, redirecting public investment funds to security, or limiting trade.
How does terrorism affect human rights?
We find that terrorism diminishes governments’ respect for basic human rights such as the absence of extrajudicial killings, political imprisonment, and torture.
How does terrorism impact society?
Terrorism indeed overshadows every aspects of economic, social, cultural and political life. While it bring instability and disrupts peace and coexistence environment, it directly endangers the lives of people and brings every types of violence in the society.
How has terrorism affected global trade?
Terrorist attacks in trading partners result in larger transaction costs, greater transportation costs, increased uncertainty, lost income, and larger business costs (e.g. greater border controls and higher insurance rates), which negatively impact trade (Nitsch & Schu- macher, 2004).
What are the adverse effects of terrorism in the country?
The physical consequences of terrorism-related acts and violations can include broken bones, soft tissue injuries, disability, long-term, chronic pain and sensory disturbance.
How does terrorism impact a society and business particularly international business?
Terrorist attacks targeting the business sectors kill the key employees, interrupt supply, disturbs the communication and increase the business cost. Jain and Grosse (2009) argue that terrorism leads to a decline in FDI, International trade and slows down the business process.
How does terrorism affect a business?
Terrorism is a major threat for businesses. Terrorist groups may seek to cause harm to the economy as a whole by attacking business premises or they may seek to attack specific businesses to advance their political agendas.
How is terrorism affected global trade?