Trade and Terror: The Impact of Terrorism on Developing Countries
Subhayu Bandyopadhyay () and
Javed Younas ()
The Regional Economist, 2017, vol. 25, issue 4
We discuss some of the economic costs of terrorism. There are myriads of other costs like destruction of infrastructure, flight of skilled workers (brain drain) and diversion of funds to counterterrorism (compared to funding of health, education, etc.). A comprehensive discussion of these costs is beyond the scope of this article. However, a greater understanding of terrorism-related damages can help governments and multilateral organizations (e.g., United Nations, World Bank) to better direct scarce resources to mitigate terrorism-related costs.
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