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Guide to terrorism and world markets
By Mansi gupta
What worse could have happened to the US economy then the 9th September 2001? Some perverted religious fanatics demolished the embodiment of the world trade. Terrorism is a threat to all the nations of the world. The human loss due to these activities cannot be condemned with words. The ruthlessness of the terror traders has an impact on each and every segment of life. The extent of these activities is extending by the day and the generally silent Europe too is feeling the cramps.
The world markets face the wrath of the terrorist activities in their faces. There is an overall loss to the business in many ways. The people suddenly fear traveling through air. The airline companies themselves are more apprehensive about continuing with their normal work. Apart from the loss in passengers, the security too has to be made very tight and the loss has to be born by the companies.
As a matter of fact, all sectors are put to a stand still due to these terror strikes. The direct effect of these is seen in the sudden drop in the markets. The stock prices do drop down and the trading comes to a stand still, however the business seldom stops and the markets show their cushioning effect by regaining the vigor. But at times the loss of even trading day can be fatal to a country's economy.
Such attacks also incur a direct burden on the defense budget. It goes without saying that the governments do take desperate measures to minimize the losses and cover the country against the future threats. The new areas of defense research open up and thus fresh jobs are created. This brighter side of the attacks is over-shadowed by the loss of lives and panic that is created with in the country. The government, under such circumstances, looses the track of their priorities and the developmental works are sidelined. This causes damage to civic society.
The worst hit by terrorist activities is the third world countries. The terrorists make these vulnerable counties their bases and from here carry out the destructive activities. Their influence in such countries shows and threatens the developed world of their power and dominance. Thus such countries make an appropriate guinea pig. If a terrorists strike a big country or a city, the whole world knows about it. The tragedy with these countries is that their miseries are not broadcasted because of their non connectivity with the rest of the world. They are thus the breeding grounds of terrorism and worst hit areas by this destructive activity.
A joint effort by all the countries of the world, taking along the third world countries, is required to curb the growing tentacles of terrorism. Many big nations have joined hands against terrorism after major attacks in the world. They also need to include the most vulnerable victims of terrorism, the developing countries. Support to them, both economic and military, should be provided to them by the capable nations. Bodies like UN must pass resolutions and work upon them to uproot the cannibalistic practice of terrorism. Unless we don't join our hands it would be very difficult to face these destructive forces and our economies will be victims of their activities.
About the Author
Mansi gupta writes about terrorism and world markets. Learn more at http://www.terrormarketeffect.com
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