The Global Economic Impact of Terrorism

Dumitru-Mihai Luca
Additional contact information
Dumitru-Mihai Luca: Faculty of Economics and Business Administration,M „Alexandru Ioan Cuza†University of Iași, Romania

European Journal of Interdisciplinary Studies Articles, 2021, vol. 7

Abstract: In general, when analyzing the costs of armed conflict, the literature most often relates to civil wars or interstate conflicts. The moment of September 11, 2001 marked the beginning of a new concern in the economy, namely the economic cost of terrorism. Terrorism is a form of conflict in which acts of violence are directed at non-combatants or civilians who are usually unrelated to the political target of the group that committed it. This article analyzes existing data on the costs of terrorist acts that are committed by non-state parties or subnational groups. In this article, we will also look at the impact that terrorism has on the world economy (including both developed and underdeveloped states). We will find that although it has a significant impact on the global economy, the most devastating effects of violence are felt by underdeveloped economies whose poverty and inequality do not allow for a rapid and sustained response to terrorism.

Keywords: terrorism; economy; cost; impact; violence (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://brucol.be/index.php/ejis/article/view/7306 (text/html)
https://brucol.be/files/articles/ejis_v7_i2_21/Luca.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eur:ejisjr:264

DOI: 10.26417/825nwp27o

Access Statistics for this article

More articles in European Journal of Interdisciplinary Studies Articles from Revistia Research and Publishing
Bibliographic data for series maintained by Revistia Research and Publishing ().