This book analyzes the effects of economic, social, and political disruptions that have come with integration into the global economy for countries in five different regions and the developing world as a whole. One consequence of such disruptions is increased levels of terrorism in many countries. In addition, the effects of terrorism on economic activities were measured. Although the patterns vary for the regions, there is no doubt that connections exist. Political links with outside countries have mitigated some of the negative consequences of entering into greater contact with other countries. There is less evidence that the increased terrorism from these disruptions has had negative effects on foreign investment and tourism. This volume will provide essential materials for researchers and students interested in the connections between globalization and terrorism and between terrorism and accompanying negative economic consequences.

The Economic Repercussions of Terrorism offers a theoretical overview of the economics of terrorism and provides a detailed evaluation of the costs of terrorist attacks, focusing in particular on the Madrid bombings of 2004, but also including comparisons with 9/11 and the London bombings of 7/7. Divided into three parts, Part One offers a theoretical overview of the economics of terrorism including an analysis of the roots of terrorism, terrorist financing, the economic consequences of terrorism, and the predatory war economy. Part Two provides an in-depth analysis of the direct and indirect economic costs of terrorist attacks, looking at the security and defence responses, and offering industry sector analyses. Part Three explores the 'other costs' of terrorism, such as the impact of attacks on a government's popularity, and the possibility that terrorists use 'inside information' on attacks to play the stock market.

This edited collection seeks to address and analyse the ramifications of terrorism and terrorist activities at a world-level, with a specific focus on the economies and political systems in the Afro-Asian regions.

To what extent are terrorism and development related? What are the relative weights of the economic, political, and social aspects of development? What is the development impact of different responses to terrorism? This volume addresses these crucial questions, synthesizing what we know about the development links with terrorism and pointing out what we do not. Contributors to this volume examine the economic and fiscal costs of terrorism and the response to terrorism. They conclude that the economic costs of terrorism in rich countries are low, relative to the economic costs of combating terrorism; both are likely high in poor countries. They also report evidence on how development affects terrorism. This work supports the hypothesis that political development - political openness and the quality of government - is inversely associated with the emergence of terrorist organizations, but not that poverty per se is directly responsible for terrorism.

Abstract: The authors offer a general analytical framework illustrating the complex two-way interactions between trade and transnational terrorism. Then they survey the recent economic literature in light of this framework by pointing to the importance in empirical studies of (1) controlling appropriately for theses interactions, (2) distinguishing between "source" countries and "target" countries of terrorism, and (3) taking into account the intertemporal persistence of terrorism between specific pairs of countries.

"Focusing principally on four of the most significant terrorist organizations of the last fifty years (al-Qaida, the Provisional IRA, Hamas, and ETA), and using a wealth of interview material with former terrorists as well as those involved in counterterrorism, [English] argues that we need a far more honest understanding of the degree to which terrorism actually works--as well as a more nuanced insight into the precise ways in which it does so"--Dust jacket flap.

Economist and best-selling author Loretta Napoleoni traces the link between the finances of the war on terror and the global economic crisis, finding connections from Dubai to London to Las Vegas that politicians and the media have at best ignored. In launching military and propaganda wars in the Middle East, America overlooked the war of economic independence waged by Al-Qaeda. The Patriot Act boosted the black market economy, and the war on terror prompted a rise in oil prices that led to food riots and distracted governments from the trillion-dollar machinations of Wall Street. Consumers and taxpayers, spurred by propaganda fears, were lured into crushing global debt. Napoleoni shows that if we do not face up to the many serious connections between our response to 9/11 and the financial crisis, we will never work our way out of the looming global recession that now threatens our way of life. While we feared that Al-Qaeda might destroy our world, Wall Street ripped it apart.