The Business Costs of Terrorism and Its Impact on Doing Business in Asia
The reactions of the US and allied nations to the terrorist attacks of 11 September 2001 have impacted business in Asia through increased costs and compliance. The common costs that have been highlighted are the costs of increased insurance, freight and security costs (Raby, 2003). However, costs that are often hidden and unquantified by businessmen and women in the region include those relating to the transfer of money, compliance with new laws that are being introduced by the US, such as the Homeland Security Act 20011 and the USA PATRIOT Act 2001,2 and the growing immigration hassles3 caused by new and perceived threats to the US and allied nations.
KeywordsTerrorist Attack International Maritime Organization Infrastructure Project Maritime Security Major Trading Partner
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