Economics - war, crime, and terror Essay Example | Topics and Well Written Essays - 500 words

Economics - war, crime, and terror - Essay Example It is evident that war and other terror attacks are known to cause economic and psychological effects of varying intensity. Nonetheless, these impacts come from the indirect costs of crimes that differ through sectors, countries and time (Schneider & Meierrieks 17). The most notable consequence associated with crimes is the human loss. Terror activities are known to cause civilian mortalities ranging from hostage takeover to the bombings (Schneider & Meierrieks 14). Although this does not seem like a direct economic impact; however, panic is known to influence the economy. It affects consumption, as well as investment behavior of persons that can lead to market disturbances. Therefore, the feeling of insecurity has several repercussions hence can disrupt the population’s spending behavior. Businesses are the major targets of any terror attack (Schneider & Meierrieks 28). As a result, this affect the way insurance operates since the risks of terrorism are difficult to quantify the prices. Many people have argued that the economic consequence of international crime remains a medium to a long term issue (Schneider & Meierrieks 44). Civilization is important in the sense of believing that we are all under God. We are not supposed to be too hard on ourselves instead we should embrace love to one another. In addition, our Lord Jesus Christ will always be there for us, and he is not the kind to choose violence at the expense of peace. As a result, some parties will withdraw the troops and others mention the aim of strengthening their military in order to have a stronger nation. War is likely to have a significant impact to the change of foreign policy. Some of the target sectors in the policy include security and military. It is imperative that these aspects have a considerable impact on the economy of the country that enforces the policy (Schneider & Meierrieks 42). As a