Economic and peace effects of terrorism in the 21st century Online publication date: Fri, 08-Apr-2022
by Chinonyerem Emmanuel Oji; Joshua Adeyemi Afolabi
International Journal of Public Law and Policy (IJPLAP), Vol. 8, No. 2, 2022
Abstract: Terrorism remains a severe threat to the global economy as well as global peace and security, given its destructive nature. Therefore, this study examined the economic and peace effects of terrorism in the 21st century. This study showed that the four deadliest terrorist groups are Taliban in Afghanistan, Al-Shabaab in Somalia, Boko-Haram in Nigeria and Islamic State of Iraq and the Levant (ISIL) in Syria and Iraq and their activities have had huge economic costs for the global economy. Specifically, this study showed that terrorism has led to several deaths and injuries as well as huge economic losses in trillions of dollars across the world. Accordingly, various efforts have been put in place by national and international bodies, government and non-governmental organisations to nip terrorism in the bud but terrorism still persists. Hence, this study recommended that efforts should be intensified to counter terrorism and make the world more peaceful.
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