Terrorism and Global Business

Powerful Essays
Terrorism and Global Business

Introduction

From the invasion of France in 1940, to the Korean air bombings in 1987, to one of the most recent and publicized incidents dubbed the 9-11 attack, terrorism has plagued our world nations for decades. As defined by the League of Nations in 1937, terrorism is "all criminal acts directed against a State intended or calculated to create a state of terror in the minds of particular persons or persons in the general public." James M. Poland, a professor of criminal justice at California State University, gives a slightly different definition. He states that "terrorism is the premeditated, deliberate, systematic murder, mayhem, and threatening of the innocent to create fear and intimidation in order to gain a political or tactical advantage, usually to influence an audience."

The perception of terrorism is of a subjective nature: a man defending his nation may be seen as a terrorist to some, but a hero to others. However, no matter the perception, terrorism has an effect on the activities of businesses and profoundly impacts the world's economy: many lose their lives; others lose their homes and source of income as a result of a terrorist attacks. Terrorism forces the reallocation of scarce resources of an economy in an effort to meet the dire needs of its citizens. Small islands such as Grenada would eventually experience higher cost of living as a result of attacks elsewhere in the world.

In the research paper, we shall be focusing on the effects of terrorism on the business activities of countries as a whole, as well as on organizations and individuals. Our research aims to show mainly the negative effects of terrorism in large nations such as United States, and then trickle down to its effects on the Grenadian economy and the Grenadian citizen.

Effects on Targeted Nations

Immediate Effects

The costs of terrorism are grave. The terrorist attacks on Pearl Harbour, the World Trade Centre, the Pentagon,

You May Also Find These Documents Helpful

  • Good Essays

    Global Terrorism

    • 679 Words
    • 3 Pages

    Some three thousands innocent civilian deaths were accounted for in the past terrorism attacks on the September 11, 2001. Do you think that 's a problem? Despite, other global problems such as pollution, natural disasters, and global warming, terrorism tops all problems with the world we live in today because it results in many innocent lives, social issues, as well retaliation. This is an issue that has shown up all over the world and effects many countries. It seems to never stop only escalating…

    • 679 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Global Terrorism:

    • 535 Words
    • 3 Pages

    Global terrorism has continued to be a challenge especially with the conditions of tremendous insecurity and volatility as well as the tectonic shifts in the deep-rooted equations of power. Worldwide ambitions and aggravated tensions have been fuelled since the disintegration of the great Western and Soviet powers. This continues to happen in a world that is currently experiencing smoothness only at the end of a major war. Therefore, the assessment of global threats such as terrorism continues to…

    • 535 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Global Terrorism

    • 23466 Words
    • 94 Pages

    GLOBAL TERRORISM: AN OVERVIEW AND ANALYSIS Monty G. Marshall INSCR Integrated Network for Societal Conflict Research CIDCM Center for International Development and Conflict Management University of Maryland, College Park and the Center for Systemic Peace Draft: September 11, 2002 M.G.Marshall – Global Terrorism: An Overview and Analysis (Draft 09/11/02) Page 2 of 48 “Dulce bellum inexpertis” 1 – Erasmus Overview The subject of “terrorism” seized the world’s attention in late 2001…

    • 23466 Words
    • 94 Pages
    Powerful Essays
  • Powerful Essays

    Global Terrorism

    • 3160 Words
    • 10 Pages

    Global Terrorism and International Law (Case Study) Jerina Qarri Prishtine 10.12.2013 European Law Academic Writing and Research Methods Table of contents Abstract 3 Introduction 4 What is terrorism?…

    • 3160 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Global Terrorism

    • 943 Words
    • 3 Pages

    Terrorism: A Globlal Problem ________________________________________ Hundreds of people die each year to terrorist attacks. Terrorism is present in nearly every country of the world. Political Implications are often to blame for many terrorist attacks. Countries that are troubled by these horrific acts have pondered an answer to the problem of terrorism for centuries but there is no universal agreement for a solution. A definition of terrorism has yet to be finalized, but Cindy C. Combs'…

    • 943 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Terrorism With Its Global Impact Categories: Law & Politics The term terrorism is not new. It is in practice since the known recorded history of the world in one way or the other. The terrorists hale this nomenclature for themselves because they justify their actions and strategy to fight against oppression and injustice. The phrase “one man’s terrorist is an other man’s freedom fighter” is what the terrorists boast to accept. They normally act upon their motto of violence…

    • 1410 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Global War on Terrorism

    • 1507 Words
    • 7 Pages

    Recent years have shown an increase in terrorism across the world. Americans have felt the impact of major terrorist attacks, such as the 9/11 attack, and, more recently, the bombing of the Boston City Marathon on April 15, 2013. But these terrorist attacks are not limited to the United States. Countries from Indonesia to Saudi Arabia are experiencing these attacks as well. Although terrorism is spread out, it seems that there is heavier terrorist activity in certain areas of the world and these…

    • 1507 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Introduction Terrorism has occurred throughout history many times and we only studied these or watched on TV without thinking about “how much increased the level of terrorist acts?” or “what role is playing terrorism on the political and global sphere?” Today the world is experiencing a global rebirth of attacks. It no longer affects only small societies, such as isolated third world countries who fall victim to regular terrorist attacks, but the whole world is becoming more familiar with this destroying…

    • 1557 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Terrorism has gradually uprooted the ethics of civilization. It is the greatest enemy of our nation. By the help of some ill-advised persons, it is now flourishing rapidly. Collecting funds is no more a tough job for them. Terrorism has acquired global dimensions. Developed nations may play a good role ill uprooting terrorism. Dilly laws may not prove effective 10 end terrorism. General public’s co-operation and psychological rehabilitation is very much required. Essay And Article On : The Menace…

    • 1183 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The Global Dimensions of religious Terrorism. Mark Juergensmeyer argues that: religious often provides participates in transnational terrorist movements with the violent certainty necessary to develop extraordinary motivation and to engage in violent actions that appear to violate ethical precepts. Religious terrorism often involves holy war on a global scale. During the Cold War, America’s major enemy was the Soviet empire. Then years after, America’s most wanted enemy was a single person Osama…

    • 763 Words
    • 4 Pages
    Good Essays