Economic Impact Of Terrorism On Terrorism - 1645 Words

Economic Impact of Terrorism Micheal Bonnett Govt/480 December 8, 2014 Thomas Brown Abstract The impact on the economy from terrorist attacks affects everyone in our country and ones we do trade with on a daily bases. When terrorist attack countries they are trying to disrupt the economy and excite fear in as many people as possible to meet the needs of what the terrorist group is looking to achieve. Without a definitive definition on what terrorism is it will continue to adapt and change as time goes on. The cost of protecting Americans from possible terrorist activity is extremely expensive and many agencies cannot afford the equipment to ensure extra precaution is taken to protect citizens. Economic Impact on Terrorism Micheal Bonnett Liberty University The economic impact of terrorism and how it effects a stable economy after a terrorist attack has occurred. â€Å"Terrorist attacks create real losses for society† (Stinson, 2007, p. 145). A terrorist attack can have a positive or negative impact on a financially stable economy depending on the type of attack which occurred and the amount of damage the attack created. â€Å"Quantifying those losses is a sobering, but important task since it provides vital information for policymakers to use as they choose how to allocate scarce public and private sector resources† (Stinson, 2007, p. 145). The financial impact of terrorism was seen during the post 9/11 attacks due to the WorldShow MoreRelatedThe Impact Of Terrorism On Economic Development And Reducing The Level Of Industrialization Essay1533 Words   |  7 PagesCourse: Date: Introduction Terrorism has proved its negative impacts on the economy of the country by retarding the economic development and reducing the level of industrialization. Terrorism can be defined as countries interference by use of ruthless means which can be as a result of political or religious struggles. 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