Title: Economic and peace effects of terrorism in the 21st century

Authors: Chinonyerem Emmanuel Oji; Joshua Adeyemi Afolabi

Addresses: Defence Headquarters, Area 7, Garki, Abuja, Nigeria ' Innovation and Technology Policy Department, Nigerian Institute of Social and Economic Research (NISER), P.M.B. 5, UI Post Office, Oyo Road, Ojoo, Ibadan, Nigeria

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.

Keywords: terrorism; global peace; 21st century; Taliban; Boko-Haram; Al-Shabaab; Islamic State of Iraq and the Levant; ISIL.

DOI: 10.1504/IJPLAP.2022.122127

International Journal of Public Law and Policy, 2022 Vol.8 No.2, pp.144 - 157

Received: 08 Jul 2021
Accepted: 06 Dec 2021
Published online: 08 Apr 2022 *

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