The Impacts of International Terrorism on International Trade: Global Business Strategies for Multinational Corporations

"On September 11, four U.S. planes hijacked by terrorists crashed in New York, Washington and Pennsylvania killing more than 3,000 people in a matter of hours." This headline marked the beginning of a traumatic era in which terrorism invaded the daily lives of millions of people in the United States as well as the rest of the world. The enhanced security that took place afterwards caused serious delays on several borders and airports worldwide, which created a substantial disruption of industries that highly rely on travel and international trade. As a matter of fact, one can discern that a terrorist act might have disruptive effects on the daily life of people, but also on an economy and even business activities. Therefore, this book examines the impacts of terrorism on international trade and how it effects the strategic management decisions of Multinational Corporations. It describes the approaches to terrorism analysis with its occurring types and causes and draws an overview of potential policy responses to terrorism as well as trends and future patterns of terrorism. Furthermore, it discusses the connection between terrorism and international trade, as well as the effects of increase security concerns on trade. In addition, it comprises the effects of terrorism on MNC and discusses how they can cope with terrorism on a strategic and organizational level. This comprehensive book will be of special interest to researchers of international trade and management, representatives of trade associations, officials in the field of economic policy-making, security managers, consultants and executives.