FAWAD ALI(BE-612) ENVIRONMENTAL ECONOMICSPPT.pptx

ENVIRONMENTAL ECONOMICSENVIRONMENTAL ECONOMICSENVIRONMEENVIRONMENTAL ECONOMICSNTAL ECONOMICS

1. A Case Study on the Economic Impact of 9/11 Attacks on the USA and Globally NAME FAWAD ALI ROLL NO. BE-612 SEMESTER 6 TH FINAL PROJECT SUBMITTED TO MAM NOOR FATIMA

2. A Case Study on the Economic Impact of 9/11 Attacks on the USA and Globally INTRODUCTION: Terrorism Definition: Terrorism involves violent acts aimed at creating fear, targeting governments, causing economic damage, political instability, and loss of life. Focus: This presentation examines the economic impact of the 9/11 attacks on the USA and globally.

3. RESEARCH OBJECTIVES: Quantify Economic Losses: Assess property damage, stock market impacts, and business disruptions. Examine Long-Term Impacts: Explore socio-economic consequences, policy changes, and increased security spending. Analyze Business Effects: Focus on industries such as aviation, tourism, and international trade.

4. Research Questions: Key Questions: What were the economic impacts of 9/11 on the US economy? What were the short- and long-term effects of the attacks? What were the global consequences, including on Pakistan and other countries?

5. Historical Examples: Oklahoma City Bombing (1995): $652M in damages from a domestic terror attack that highlighted vulnerabilities in US infrastructure. Munich Olympics (1972): Led to increased global security costs for international events. Mumbai Attacks (2011): Disrupted India’s financial hub, affecting tourism and investor confidence. Madrid Train Bombings (2004): Significant disruptions to transport infrastructure and economic activity in Spain.

6. 9/11 Attack Overview: Event Summary: Four hijacked planes targeted the World Trade Center, the Pentagon, and a Pennsylvania field. Casualties: Over 3,000 lives lost, including 400+ emergency responders. Economic Impact: Severe damage to US infrastructure, reduced foreign direct investment (FDI), and slower economic growth

7. Economic Impact Breakdown Total Costs: Physical Damage: $55B Economic Loss: $123B Homeland Security Costs: $589B War Funding: $1,649B Veterans’ Care: $867B Tourism Loss: $2B Airlines: $100M

8. Industry Impacts: Tourism: Lost $2B in the first two weeks, with a 34% decline in business. Airlines: Suffered $5B in losses, with a 5% drop in employment. Hotels & Restaurants: Lost $20B in revenue, with 335,000 jobs cut across sectors.

9. Global Effects: Military Actions: Triggered invasions of Afghanistan and Iraq. Economic Disruptions: Led to a global stock market crash and economic recession. Regional Instability: Created geopolitical tensions, affecting countries like Pakistan and Iran.

10. Lessons Learned: Consequences of War: Wars cause widespread loss of life and economic damage. Long-Term Costs: Short-term gains from conflict often result in long-term economic challenges. Global Interconnectivity: An event in one region can create far-reaching global consequences.

11. Conclusion: Summary: The 9/11 attacks reshaped global security policies, disrupted economies, and imposed long-term financial burdens on the US and the world. Lasting Impact: The aftermath still influences international economic and political landscapes.

12. THANK YOU