How can globalization lead to an increase in terrorism?
Global terrorism can stem from the adverse effects of globalization, imbalance of power, disparity of players, and power vacuum. Failed states, separatist minorities and radicals use terrorism as warfare in order to counterbalance the power gap or to consolidate their authority.
How did 9/11 affect the markets?
The September 11 attacks in 2001 were followed by initial shocks causing global stock markets to drop sharply. The attacks themselves resulted in approximately $40 billion in insurance losses, making it one of the largest insured events ever.
What did the United States accomplish during its war on terror?
In Operation Enduring Freedom, the United States built a worldwide coalition of 70 countries that destroyed terrorist training camps, dismantled the brutal Taliban regime, denied al Qaeda a safe haven in Afghanistan, and saved a people from starvation.
What is impact of terrorism?
There can also be wider socio-economic effects associated with terrorism, such as businesses closing and, therefore, an increase in poverty and unemployment. In turn, as result of increased levels of poverty and unemployment in one study this was linked to an increase in property crime.
What are the effects of terrorism on society?
In general, after terrorist acts, people suffer from post – traumatic stress disorders, anxiety and major depression. Additionally, survivors of terrorist attacks are more vulnerable to substance abuse issues and psychosomatic symptoms after an attack.
What are positive effects of terrorism?
Vázquez et al. (2008) found from the study of the collective trauma of terrorism that people could experience PTG at the social level in such ways as increased national cohesion, increased patriotism, and greater confidence in government decisions.
How did the stock market react to 911?
Market Reaction On the first day of NYSE trading after Sept. 11, the Dow Jones fell 684 points, a 7.1% decline, setting a record at the time for the biggest loss in the exchange’s history for one trading day. The Dow Jones Average was down more than 14%, the S&P 500 Index plunged 11.6%, and the Nasdaq dropped 16%.
How did Covid affect the stock market?
The main results showed that in the period from 23 March 2020–23 April 2020, the stock market was negatively influenced by the number of lockdown days and by the international travel restrictions, but positively by restrictions on internal movement.