Business-Related International Event - Essay Example

Several governments with nationals aboard the ill-fated plane have informed families and friends of the passengers to prepare for the worst following the disappearance of the plane. The disappearance of the plane and the developing speculation on the same has had myriad economic implications globally as the essay below analyses. Terrorism for example is an international threat to peace and stability. The manifestation of a terrorist attack on the plane as speculation has had in the past few days makes several Chinese’s and Malaysian cities vulnerable.

Such an attack would prove that the securities agencies in Kuala Lumpur do not carry out extensive and effective scrutiny of international passengers (Celia, 2014). Air traffic into such regions is therefore likely to reduce thereby slowing the pace of economic activities in different cities within the eastern bloc. As explained, terrorism is a global threat and in case the speculations are factual then the catastrophe would serve to prove that the governments in the eastern bloc are not doing enough to secure their borders from external terrorist attacks.

Security is a major concern to the development of entrepreneurship in any market. Entrepreneurs travel from different destinations with their products and require security in order to grow their businesses. A terrorist attack portrays lack of security in a country thereby increasing the fear most entrepreneurs have in such markets. A claim that more than two hundred passengers aboard the plane had stolen passports provides much insight on the operations at the international airport in Kuala, Lumpur (Sophia, 2014).

The lack of effective security coupled with the globalized nature of the disaster is likely to destroy the economic market in the country as foreign investors and tourists will shy away of the market owing to the proven terrorist threats. Plane accidents often make international news owing to the interest that such