Terrorism, as Social-Political Phenomenon and Impeding Factor for Global Business

Teimuraz Shengelia ()
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Teimuraz Shengelia: Iv. Javakhishvili Tbilisi State University, Tbilisi, Georgia

International Journal of Social Sciences, 2015, vol. 4, issue 2, 29-38

Abstract: Economic stability and peace are the important determinants of socio-economic development in the modern world. Analysis of the situation in conflicting regions worldwide clarifies that at the modern stage it is very complicated to reach this. One of the main factors, which cause the process of economic and political destabilization, is global terrorism, which became the world?s important phenomenon. After the terrorist act of 11 September in the USA in 2001 and terrorist act on the journal ?Charlie Hebdo? in Paris in 2015 the problem became more actual. Compared with 2013, in 2014 the world terrorism threat increased up to 61%, which considerably limits dynamic development of the global market.In such countries, where threat of terrorism is high, it becomes far difficult to develop the international trade relations, inflow of foreign investments reduces, and the danger of starting business is high. Within this context, the main principles of market formation are determined not by the supply-demand phenomenon, but the main source of its destabilization is the fear caused in result of terrorism. In result of we receive atrophied market relations, when separate states possess relevant resources and economic potential for economic development, but in result of interference of exogamic forces (terrorism) it is impossible to perfectly master them and, owing to this, dynamic development of the economic system. In the present article we studied the socio-political aspects of terrorism and its influence on the global business.

Keywords: Economic stability; socio-economic development; global terrorism; destabilization; global business. (search for similar items in EconPapers)
JEL-codes: F20 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sek:jijoss:v:4:y:2015:i:2:p:29-38

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