GLOBAL ECONOMY AND TERRORISM

Abstract

In this work, the author is going to analyze two dominant modern world phenomena – globalisation and terrorism. These two phenomena have a different significance and influence on the overall development and progress of the global society. Although completely different in their effects, they touch and influence one another. Economic globalization contributes to acceleration of economic activities, with the goal of achieving the integration of finances, market and technology, rational use of the world resources, raising the global standard of living and reducing poverty. Terrorism strives to destroy the economic and social being of the global society. In order to achieve that, it is becoming globalised and international. Network is the paradigm of the global society, because everything is becoming connected and networked. Terrorism has sent a symbollic message in its struggle against globalization by giving one of its organizations the name “network” (Al Kaida). The pessimists are asking the questions such as whether global economy will survive global terrorism; whether global terrorism is going to push global economy from its global course; who will be the “winner” in this conflict; which characteristics is the global war on terrorism going to have, and which problems is it going to create?