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Globalization and Terrorism: Its Impact on Global Business

Globalization and Terrorism: Its Impact on Global Business. S.K. Kaushik Professor of Finance Pace University , New York and Westchester & Founder Mrs. Helena Kaushik Women's College P.O. Malsisar, Jhunjhunu, Rajasthan, India www.reginc.org. Introduction.

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Globalization and Terrorism: Its Impact on Global Business

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  1. Globalization and Terrorism: Its Impacton Global Business S.K. Kaushik Professor of Finance Pace University, New York and Westchester & Founder Mrs. Helena Kaushik Women's College P.O. Malsisar, Jhunjhunu, Rajasthan, India www.reginc.org

  2. Introduction • Globalization of Business Continues in more Countries, Products and Services • Technology and Potential Economic Gains Boosting Globalization • “Evil-Doers” or Terrorists are Using both Trade and Technology at Local, Regional and Global Scales Such As 9-11 • Response Mission: Eliminate Terrorists for a Peaceful and Prosperous World

  3. General Impact • More Spending on Security Technology:Communications, Computers, Military and Police, and Surveillance at Local, Regional and Global Levels • Increased Spending and Monitoring of Economic and Financial Transactions • Therefore, Cost of Doing Global Business Increases and Speed of Transactions Decreases

  4. Impact on Business Operations • Productivity and Efficiency of Global Business Decrease in the Short- run and Increase in the Long-run • Attitudes Toward Crossborder Business More Cautious and Less Trusting into Distant Future • Recording and Monitoring with Cameras, Computers, X-Ray, and audio devices

  5. Lord of the Ring and Fellowship of Coalition • Multilateral Organizations such as the UN, WTO, World Bank, IMF will restructure to fit into the new paradigm • New Paradigms of Government and Political Structures at Regional and Global Levels will Emerge: More Information Sharing and a Hierarchical Structure Among Countries and Global Authorities

  6. Terrorism As We Know It Will Be Controlled • “When there is fading of the Dharma (righteousness) and burdensome spread of terror on this earth, I am reborn from time to time for the reestablishment of Dharma and destruction of the evil-doers.” Lord Krishna in Gita (Song Divine, a Hindu book .) • President George W. Bush may or may not have read Gita, he is certainly practicing the wisdom of the Gita! • Globalization of the good kind marches on.

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