Effect of Terrorism on Pakistan Economy - 5798 Words

ECONOMIC COST OF TERRORISM: A CASE STUDY OF PAKISTAN Arshad Ali * The world is currently confronting terrorism in different manifestations. After the 9/11 terrorist events, the phenomenon of terrorism has abruptly changed the socioeconomic and geopolitical situation of the world. Terrorist groups have linkages with each other and are utilising each other‟s areas for recruitment and training, exchanging illegal weapons, engaging in joint planning and ventures, and also providing administrative and other logistic support. Pakistan is also facing the menace of terrorism which is eroding the country‟s social structure, economic development and political system. The acts of terrorism are threatening Pakistan‟s law and order situation,†¦show more content†¦Humanitarian aid. Conflict affectees, IDPs and refugees. Fiscal costs. Including the impact on revenue and programmes for growth and to rebuild society. Economic costs. Reduced investment, flight of capital and lower growth rate. Social costs. The impact on living standards, including health, education and wider aspects of vulnerability, taking into account the fact that conflict often harms the poor most. Cultural costs. and long-lasting. Impact on social conventions and structures, which is often severe Source: â€Å"Estimating Conflict Cost: The Case of North West Frontier Province and Pakistan (Draft for Discussion)†, cppr.edu.pk/download/Estimating%20Conflict%20Cost%20-2009-08-20.pdf There are some other factors as well which must be taken into account, including compensation to the aggrieved parties and destroyed private infrastructure and expenses. Moreover, the cost of dislocation of population and missed opportunities, along with the psychosocial cost, trauma, loss of loved ones and mental illness must also be factored in such cost assessments. Consequences of terrorism The burden on a State managing a terrorism problem may be enormous, serious and unmanageable and has severe consequences on its economic outlook. Nevertheless, some of the economic consequences of terrorism are tabled below: Economic Dimension Economic growth. Effect Negative, sometimes falls dramatically. Exports.Show MoreRelatedImpact of Terrorism in Pakistan1628 Words   |  7 PagesImpact of Terrorism in Pakistan In lieu of unlawful violence to inculcate fear and increase coercion, terrorism has become a trending topic in the world today. Pakistan, a country in South Asia bordered by Afghanistan and India has been a country worthy of speculation due to the rate of terrorism and tribal wars that have quickly taken over the country. The sporadic effects of these attacks have begun to shatter what used to be one of Asia’s fastest growing economies. Impact on GDP Pakistan’sRead MoreForeign Direct Investment Into Pakistan977 Words   |  4 PagesTitle: Causes of Foreign direct investment into Pakistan. Aim and objectives: The dissertation topic will focus on the importance of foreign direct investment into Pakistan’s Economy and will also focus around the causes of foreign direct investment. The report will look into three different perspectives such as, the effects on FDI pre and post 9/11, investment in different sectors of industry and the importance of investing countries in terms of contributing towards developing Pakistan’s infrastructureRead MoreFuture Of Terrorism And Its Future Prospects Within Pakistan1598 Words   |  7 PagesFUTURE OF TERRORISM IN PAKISTAN 1. The threat of terrorism which existed prior to 9/11 got accentuated and transformed into a potent, dynamic and multi-dimensional phenomenon. As of today, few countries in the world are threatened by such diverse forms and manifestations of terrorism as we are; both in the present and futuristic context. There are external influences and there are internal dissentions. While the vested interests of the regional and global players denote one facet, the socio-politicalRead MoreEconomic Impact of 9/11 on Pakistan966 Words   |  4 PagesECONOMIC IMPACT OF 9/11 ON PAKISTAN Nine years down 9/11, we note that three countries Afghanistan, Iraq and Pakistan bore the brunt of the aftermath of the dastardly deed. Destruction and mayhem resulting from the occupation of Iraq has regressed it from a booming oil economy into a hotbed of terror attacks. Then Afghanistan, which was already reeling under the impact of the after effects of the Soviet invasion and tribal wars for supremacy, has retrogressed further after the US-led invasion. TheRead MoreThe Impact of Global Terrorism Essay1387 Words   |  6 PagesIntroduction At the moment, terrorism is happening all over the globe ranging from the Middle East to Europe and Latin America and every part of the world. It is now a day to day act happening to innocent citizens of their countries. Terrorism can be caused by quite a number of factors that can affect the activity of terrorism, for example politics is a very good example of factors the can possibly cause a group of people to terrorize against another party or even rebel against their own countryRead MorePolitical Stability1116 Words   |  5 PagesInstability Summary: Political instability has become a huge and serious problem for both developing and underdeveloped countries. Pakistan is also in one of these countries which is facing the problem of political instability. The instability of government, inefficiency of political parties and a weak political culture make Pakistan a politically instable state. Political stability is important for keeping the society integrated, maintaining legitimacy, economic development andRead MoreThe Soviet Withdrawal From Afghanistan1224 Words   |  5 Pagesand urban economy. The Soviet withdrawal from Afghanistan in 1989 created predation by commanders and smuggling into Pakistan because of this high risk environment peasants had to adapt. The Taliban was created by Afghan and Pakistan religious leaders to benefit from social capital because of commanders imposed heavy costs on trades between Pakistan and Afghanistan (Rubin, 2000, p. 1791). Since the reign of the Taliban and constant conflict, Afghanistan has yet to establish a stable economy and functionalRead MoreWhat Is The Role Of Chinas Role In South Asia?1417 Words   |  6 Pagescontinue to provide counterinsurgency assistance to countries like Pakistan and Afghanistan. China should however be pushed for broad based and multi-lateral engagements with other nations so as to achieve equitable and long term solution to the existing crisis. This will give the international community the opportunity to involve China in the peace initiatives in vogue. 4. Rivalry between India and Pakistan has had a disruptive effect on the region as it has fuelled the rise of Islamic fundamentalismRead MoreEffect of Event 9/11 on Pakistans Domestic Policies2482 Words   |  10 PagesPAKISTAN’S ECONOMY Dated: 29-04-2010 Executive Summary After 9/11 the challenges and allegations of supporting the militants imposed great affects on the security of the Pakistan. From welfare state Pakistan transformed into a security concern state which caused our military to mobilize. Post US and foreign aid caused the Economy to survive temporarily but it was only for temporary and end day situation was worst then day one. On political front the collaboration between Pakistan and NATO solidifiedRead MoreThe Effects Of Terrorism On The United States897 Words   |  4 Pagesincrease numbers of terrorism. Countries around the world are becoming more in favor of securing their border and bring in less and less immigrants. This sentiment has been gradually increasing over the years. However, one country government openly welcomed Syrian refugees and that nation is Germany. S. Akbarzadeh, and D. Conduit, (2016) state that more than 4.8 million refugees are living outside Syria, and many more are displaced in the country. Many countries n ow realize the effect the war has had