Globalization and Terrorism: Its Impact on Global Business

S.K. KaushikProfessor of Finance

Pace University, New York and Westchester

&Founder

Mrs. Helena Kaushik Women's CollegeP.O. Malsisar, Jhunjhunu, Rajasthan, India

www.reginc.org

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

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

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

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

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.