Tweet Emily Vuong explores the distortive impact that fear perpetuated by terrorism has on subjective beliefs and individual choices. The recent terrorist attacks in Kenya and Pakistan have reinvigorated the worldwide fear of extremist violence. The far-reaching effects of these tragic events have substantial impacts on the way people choose to live their lives.
Socio-Economic impact of terrorism on Pakistan Share: As a result, Pakistani products lose their market share to their competitors.
Additionally, terrorism creates uncertainty, reduces confidence and increases risk perceptions; leading to lower rates of investment and lower economic growth Currently Pakistan needs enormous resources to enhance productive capacity of the economy by repairing damaged infrastructure and to create a favorable investment climate.
Money, which is being invested outside instead of being invested in Pakistan, cause harm to the economy of the country and consequently economic growth slowdown. Terrorism is considered as one of the biggest threat to the economy of the country because it is adversely affecting businesses and production units the manufacturing sector has been hard hit by political instability and frequent incidents of terrorism.
The manufacturing sector is witnessing the lowest-ever share of In addition, the small and medium-size enterprises are a key area of manufacturing activity in Pakistan, particularly in the war-affected areas.
Power looms, precious and semi-precious stone mining, wood and marble work, and small units of consumer items are affected across the country because of power shortages and frequent terrorist attacks.
People in these areas rely predominantly on agriculture as their main economic activity. Swat has 98, hectares arable land, whilehectares remain uncultivable.
Swat was a training centre for budding and grafting of plants and nursery industry was on the rise. But, due to the insurgency, the Swat valley has been subjected to continuous attacks.
That has been due to various factors, including hostilities, artillery shelling, blowing of bridges in bomb blasts, blockade of roads, attacks, and curfews. The NWFP Department of Education reports that education for students has been severly affected because of damaged or destroyed schools.
That includes 65 per cent of the schools. According to some estimates, nearlystudents have been deprived of education, while 8, female teachers are without jobs due to the insurgency. We should not lose hope and should stand united against the scourge of terrorism.
Pakistan is from among the bravest and greatest nations of the world.
Pakistan has paid a heavy price in the war against terrorism and rendered more sacrifices than any other nation. Government should devise a plan to minimize the counter effects of terrorism.
In the first stage, the government must strive to stabilize the troubled areas with the support of the local people. In the second stage, the government should start infrastructural development and later on industrialization in the troubled regions by utilizing their natural resources.
As a result, people would not only get employment but would participate directly in the development of the country.5) Effects on agricultural sector: Pakistan has lost approximately Rs. billion ($ billion), both in direct and indirect costs to incidents of terrorism during the past 14 years of the war on terror, as per economic survey EFFECTS OF TERRORISM ON PAKISTANI ECONOMY AND FOREIGN INVESTMENT: In modern globalized environment the strength or weakness of a state is measured by the level of its economy.
For developing countries like Pakistan, foreign investment is a lifeline of economic progress. Note: The following post accompanies Takuan Seiyo’s latest tranceformingnlp.com are being kept “sticky” until tonight.
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Impact of terrorism on Pakistan (Article) View PDF File. Recent Posts. Report – Book Launch on “Brokering Peace in Nuclear Environments: US . EFFECTS OF TERRORISM ON PAKISTANI ECONOMY AND FOREIGN INVESTMENT: In modern globalized environment the strength or weakness of a state is measured by the level of its economy.
For developing countries like Pakistan, foreign investment is a lifeline of economic progress. Emily Vuong explores the distortive impact that fear perpetuated by terrorism has on subjective beliefs and individual choices.
The recent terrorist attacks in Kenya and Pakistan have reinvigorated the worldwide fear of extremist violence.