Difference between revisions of "Economic impact of security threats"
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= Economic impact of security threats = |
= Economic impact of security threats = |
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| + | Crime and terrorism are a major part of every European society. The types of costs and economic effects of crime and terrorism are widely varried and will be referred to as '''economic impact of security threats'''. |
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| + | == The Relevance for Urban Planners == |
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| − | After a big terrorist event, one can read frequently about the economic damage of the event on the local economy such as after the London Bombings in 2005 or the September 11 attacks in New York. Another hot topic in the UK is a new police website where users can view the number of crimes at street level. According to property specialists, this site could have a negative impact on house prices, which demonstrates a relationship between real estate value and crime rates. Put differently, the economic impact of security threats (crime & terrorism) can be significant and explains why economists and related scholars increasingly analyzed the economic impact of (see '''clickable map'''): |
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| + | * The [[comprises::Economic effects of crime|costs and effects of crime]] touch just about everyone to some degree. The ultimate cost of crime is the loss of life, but other major costs to victims of crime include medical costs, property losses, and loss of income. |
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| + | * After a big terrorist event, one can read frequently about the economic damage of the event on the local economy such as after the London Bombings in 2005 or the September 11 attacks in New York. |
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| − | Image:Economic_impact_of_security_threats.png|320px |
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| + | Put differently, the economic impact of security threats (crime & terrorism) can be significant and explains why economists and related scholars increasingly analyzed the economic impact of crime and terrorism. |
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== Groups of economic impact of security threats== |
== Groups of economic impact of security threats== |
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* The [[economic effects of security measures]] |
* The [[economic effects of security measures]] |
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* The [[The economics of criminal and terrorist behaviour|economics of terrorist and criminal behaviour]] |
* The [[The economics of criminal and terrorist behaviour|economics of terrorist and criminal behaviour]] |
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| − | For other related subjects, see the '''clickable map''' below: |
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{{references}} |
{{references}} |
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Revision as of 15:32, 27 November 2012
Contents
Economic impact of security threats
Crime and terrorism are a major part of every European society. The types of costs and economic effects of crime and terrorism are widely varried and will be referred to as economic impact of security threats.
The Relevance for Urban Planners
- The costs and effects of crime touch just about everyone to some degree. The ultimate cost of crime is the loss of life, but other major costs to victims of crime include medical costs, property losses, and loss of income.
- After a big terrorist event, one can read frequently about the economic damage of the event on the local economy such as after the London Bombings in 2005 or the September 11 attacks in New York.
Put differently, the economic impact of security threats (crime & terrorism) can be significant and explains why economists and related scholars increasingly analyzed the economic impact of crime and terrorism.
Groups of economic impact of security threats
According to Krugman (2004)[1], the economic impact of terrorism is similar to the economic impact of crime, and can be divided into three groups:
- The direct economic impact performed by criminal and terrorist acts on the urban object/environment (buildings and infrastructure destroyed, productive lives ended).
- The indirect economic impact (on the urban environment) such as effects on tourism, investments, consumption, trade, etc.).
- Budget effects of preventive security measures against crime and terrorism such as money spent on national defense, airport security, and the police, in an attempt to prevent or forestall future criminal and terrorist events.
Related subjects
The economic impact of security threats are closely related to:
Footnotes and references
- ↑ Krugman, P. (2004). The Nexus of Terrorism & WMDs: Developing a Consensus. Princeton University.
MAP
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