The Economics of Terrorism - Essay Example

Economics of Terrorism “Economic of terrorism." this is absurd for a book or any literature material that expect to attract audience in the modern multicultural world. This is according to Tom who initiated us in to this discussion. Jack interjected him and said “No the title is very well written since it is meant to attract the attention of readers.” According to Jack, people are used to reading literature materials that have ideal messages or titles and they are looking for new things.

That much can be said about the title, How about the content of Economic of Terrorism. I asked. Peter replied by saying that the material indeed, has a well-put together content that is relevant to modern studies in economics. According to Peter, it is impossible to separate economics and government although the two are closely related subject. The super power status of the United States and the decline of other powers such as Russia are critical to world’s economy. The USSR, US cold war and world war are responsible for creation of terrorist groups.

These factors determine how the global economy revolves. Simon: This is correct about the material but it is just the tip of the iceberg. Firstly, economics is concerned with creation and distribution of goods and services. In the world of terrorists, the same thing applies. Focus on the lucrative black market that is operated by terrorists. Although the market operates undercover, it operates under principals of a normal market. This market is the basis of terrorists due to its significance.

The rise of different jihadists is founded on the existence of the black market. I concurs with Simon’s view concerning the significance of terrorists on worlds‘s economy. However, I feel that he is only focusing from the negative side of the matter. The need to fight terrorists among different nations has greatly influenced the world economy. Think of the measures taken by the US and its allies to ensure secure nations. Also, consider the proposed missile defence system and other measures taken to ensure that the country is free from terrorist.

The government seems to spend too much on security while it makes fewer investments on infrastructures and other things that are of national interest. The measures taken by government to ensure national security are responsible for the current decline on the value of the dollar. Mike: I think that your focus on the issue is too narrow concerning that terrorist is a global issue. I would rather you focused on the bigger picture. For the longest time, the world’s economy has revolved around the US.

The dollar has almost become an international currency the US stock market seems like a world’s stock market. Is it not time that we started talking about the Chinese Yuan or the Japanese Yen. I think terrorist is more than just a radical or religious ideology. I think that there is more that the world should expect from the newly created movements. This is because the movements are against the US and its allies. Tom: This is exactly where I wanted the discussion to head since my colleagues are more concerned with the short-term significance of economic terrorism.