In their working paper, Andrew Karoly and Todolfo Martell examine the impact on stock prices in the aftermath of terrorist attacks. The study identifies 75 attacks on publicly traded firms between 1995 and 2002 from the Counterterrorism Office of the U.S. Department of State and elucidates the market effect of these attacks. A comprehensive understanding of the nature of terrorism and its effects is integral to the prevention of such attacks.
Many urban residents and city officials are worried that the combined impact of the recession and ongoing terrorist threats may have a devastating effect on the health of cities. This Brookings Institution paper attempts to shed light on these concerns by examining the impact of the last two recessions on large cities, by exploring recent trends that may affect the vulnerability of cities in the current recession, and by speculating on the long-term effects of terrorism on urban centers.
Authors: Gary Clyde Hufbauer, Jeffrey J. Schott and Barbara Oegg
This policy briefing from the Institute for International Economics analyzes the effectiveness and foreign policy implications of using economic sanctions as a weapon in the war on terrorism.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
Gause posits that, though the Arab Awakening has caused tensions in Saudi-American relations, the two countries do not face a crisis and still have significant mutual interests that should be prioritized.
The authors assess the strengths and weaknesses of international institutions and provide a set of practical recommendations for how the United States can strengthen the global architecture for preventive action by partnering with those organizations.
A leading Middle East scholar pens this "good introduction to the Saudi paradox of social change and political stability and an invaluable guide to the challenges the country faces." More