Counter-terrorism affects
the economy of a nation in various .counter- terrorism is becoming a global phenomenon in many nations. That has affected the growth and development of an economy in negative ways. The terrorist attack destroys the economic sector; these include investors from other countries who might not be able to invest due to a lack of confidence for future outcomes and risky business for everyone. These affect a country’s economy whereby its net profit and the GDP reduce by a significant percentage.
Terrorism brings a negative impact into its sector, whereby there will be a decrease in the number of visitors coming to a nation, which is most likely being faced by terrorist attacks they could be risking their lives. The economic damage caused by terror attacks includes revenue shortfall, whereby the economy faces more losses when there have been attacks. The hotel industry is also affected due to the low number of visitors than expected. Thus, it leads to a low number of staff in the companies and organization that facilitates the hotel industry ad catering to tourists.
Terrorism affects direct economic destruction of properties and lives. Terrorist targets places where there is the dense population of human beings thus resulting to more killing and leaving the citizens with scars that can ever be healed leaving them with disabilities, thus affecting the companies and organizations where they depended on their workforce .attacks results to the destruction of properties. So many losses are incurred, thus affecting organizations and companies.
In conclusion, terrorism affects a nation in several factors that result in unfavorable outcomes. Since terrorism is a global challenge,inter-government cooperation is essential in developing and implementing measures to curb terrorism. The government should control the borders where the terrorist gets into the country; also, it should cut off the terrorist’s financing. They should reduce access to dangerous weapons and finally preventing radicalization
Counter-terrorism affects
the economy of a nation in various ways .counter- terrorism is becoming a global phenomenon in many countries in the world. That has affected the growth and development of an economy in negative ways. The terrorist attack destroys the economic sector; these include investors from other countries who might not be able to invest due to lack of confidence for future outcomes; its also risky business for everyone. These affect the economy of a country whereby its net profit and the GDP reduces by a significant percentage.
Terrorism brings a negative impact into its sector, whereby there will be a decrease in the number of visitors coming to a nation, which is most likely being faced by terrorist attacks they could be risking their lives. The economic damage caused by terror attacks includes revenue shortfall, whereby the economy faces more losses when there have been attacks. The hotel industry is also affected due to the low number of visitors than expected. Thus it leads to a low number of staff in the companies and organization that facilitates hotel industry ad caters to tourist.
Terrorism affects direct economic destruction of properties and lives. Terrorist targets places where there is a dense population of human beings, thus resulting in more killing and leaving the citizens with scars that can ever be healed leaving them with disabilities, affecting the companies and organizations where they depended on their workforce .attacks results to the destruction of properties. So many losses are incurred, thus affecting organizations and companies.
In conclusion, terrorism affects a nation in several factors that result in unfavorable outcomes. Since terrorism is a global challenge,inter-government cooperation is essential in developing and implementing measures to curb terrorism. The government should control the borders where the terrorist gets into the country; also, it should cut off the financing of the terrorist. They should reduce access to dangerous weapons and finally preventing radicalization.