Terrorism is becoming a threat to every country and today the world is experiencing a global reawakening of terrorist attacks. Terrorism is the creation of fear and panic among people and the society which adversely affects the everyday lifestyle of an ordinary man. The act of terrorism is condemned across the world due to the atrocities it creates and the effectiveness of the terrorist act lies not in the act itself, but in the public's or government's reaction to the act. For example, in 1972 at the Munich Olympics, the Black September Organization killed 11 Israelis. The Israelis were the immediate victims, but the true target was the estimated 1 billion people watching the televised event.
[...] For instance, due to the 9/11 attacks in US, an investment bank operating in one of the World trade center lost nearly 650 employees. TERRORISM HURTS WORLD TRADE Terrorism obstructs international business strategies, disturbs globalization, and obstructs world trade. Multi-national corporations (MNCs) are particularly injured to the effects of terrorism. Along with well-known threats from organized crime networks (e.g., financially motivated force or kidnapping), MNCs must deal effectively with the dangers posed by terrorist networks. Since September 11 these problems have been weighing even more heavily on the minds of executives around the world. [...]
[...] Terrorism came into sharp focus of the world after the terrorist strike at the World Trade Center on September in the US. Terrorism is a global suffering with global effects, its methods are murder and violent, but its end result affects every aspect of the united agenda from development to peace to human rights and the rule of law. Internationally, we are seeing an increasing use of what is call the word" terrorism to demonize political opponents. It is broader international agenda need to prevent acts of terror. [...]
[...] The effects of terrorism on a developing country such as Indonesia are simply devastating, and no amount of free trade agreements alone can begin to offset this problem. Terrorism has become the world's costliest business. TOURISM- For many people a vacation means keeping their work aside and spending time with their families leisurely. Many countries mainly depend on tourism and a large number of terrorist attacks have made people to stay indoors instead of taking a chance of risk. This has adversely affected the tourism industry. [...]
[...] Due to terrorist attacks, the cost of security has increased and due to this many companies fall on economic crisis. This causes a reduction in the value of their stocks and hurting shareholders. One prominent example is the resulting dropdown of small airlines after the September 11th attacks on Americans. Human loss is huge and it is the tragic side of terrorism. The business world is also affected by human loss as they become deficient in labor and other key players in the company. [...]
[...] Source: www.scipophily.net EFFECT OF TERRORISM ON THE GLOBAL BUSINESS ENVIRONMENT Terror, terrorist, terrorism- it is known that these three words cause a lot of fear and panic. Terrorism and terrorist attacks adversely affects the whole world. Terrorism is a very cruel act and it has awakened us to be more alert and take measures for national security. Terrorism is dangerous or a threatening quality which requires a global response. Terrorism affected many countries such as U.S, Iran, Iraq, Afghanistan, India, U.K etc. [...]
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