Terrorism is commonly known as violent acts (or threat of violent acts) intended to create fear, perpetrated for an economic, religious, political or ideological goal, and which deliberately target or disregard the safety of non-combatants. The occurence of terrorism have been encouraged by some factors, and has posed set backs worldwide.
The most striking consequence of international terrorist attacks is the human loss. Terrorism cause heavy civilian mortalities. During the past 35 year, the world has witnessed nearly 20,000 terrorist incidents, ranging from the hostage takeover during the 1972 Munich Olympics to the 2002 and 2005 in Bali, and more recently 13,000 casualities in Nigeria. These incidences have reusulted in more than 32,000 casualties worldwide.
Panic affects the pattern of consumption and investment behaviour of individuals and companies and can lead to distinct market disturbances. Therefore, one of the most important short term effects of terrorist attacks is this feeling of insecurity having much wider repercussions. The main effect of terrorist attacks, is their ability to "disrupt the populations spending pattern", for instance. In united states, consumers and business survey showed falls in overall confidence measures.
Therefore, the perception of a terrorist attack plays a big part in the impact on the economy. It can for example lead to drop in demand in the tourism area. Indeed, hotels, restaurants, travel agencies, and other tourism-related businesses confronted a sharp drop in demand, as more recently seen in the north eastern, Nigeria.
Effective response hence, required member states to adopt a holistic and integrated approach, that protected human rights and respected the rule of law. Communities should continue to work together to ensure that States counter-terrorism legislations under international human rights law.
Sponsored: visit us @ Voucherseller/Facebook page
watsapp: 08063239915
No comments:
Post a Comment