Terrorists use mass murder to instill fear and create chaos to attract eye-ball attention towards their political objective. Terrorism has come to mean the threat of killing a few and frightening tens of thousands of others. The fear of terrorism has been so great since 9/11, that there is no need for terrorists to actually do anything. The mere suspicion that they might act, closes down the stock market, stops flights of aircraft, disturbs traffic patterns, causes hospitals and schools to close. This book throws light on how crippling terrorism has been. There is hardly any debate amongst world opinions about the crippling impact of terrorism on an economy and its people. It has stunted the growth of every economy and country that it has afflicted. Only the intensity differs depending on the innate strength of that economy and its resilience to surmount crises. The difference of the innate strength of an economy or a country is also seen amongst sectors. Just as all human and physical capital are not equal, all sectors are not equal in their ability to absorb the impact of terrorism. Some have specialized functions which, if disrupted, cause economic damage that is significantly out of proportion to the initial disruption. FDI, tourism & travel, civil aviation, etc., are some of the sectors that have been impacted more than other sectors. The objective of this book is to look at the sectoral impact of terrorism. The country experiences as well as the research work collated in the book give the readers a cross-section of interesting impact studies of sectors that are more vulnerable to terrorism. The readers can sit up and take note of the whipping boys of the terrorist organizations and take heart from the more buoyant amongst them. (Read ‘A tale of growth amidst turbulence’ by G R K Murty.).
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