Terrorism is an unlawful use of violence by a person or a group of people against people or property. It threatens societies and governments for ideological or political reasons. It is spreading its tentacles in every manner and in every direction, by nationalist and ethnic groups, and by revolutionaries. Terrorism is dangerous anywhere and everywhere, and has to be handled carefully and effectively. It involves shooting, bombing, random killing or hijacking. It is a modern tool mostly used for political purposes and its impact on the public has increased extensively because of its coverage by the media. The major incidents like 9/11 attacks in US and the most recent 7/7 attacks in UK have proved that it is not only targeting the underdeveloped and developing nations but also the most developed and rich nations. If economics is able to explain terrorism, it will also be helpful in providing solutions to defeat or control this menace. Studies linking economics and terrorism will have much more relevance and purpose than ever in today s world. This executive reference book Terrorism—Global Economic Impact with 11 well-known articles, covers the linkage between terrorism and economics, financial markets and insurance.
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