English, Article, Journal or magazine article edition: Terrorism, Trade and Public Policy James E. Anderson

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Bookmark: http://trove.nla.gov.au/version/73609
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Terrorism, Trade and Public Policy
Author
  • James E. Anderson
Physical Description
  • preprint
Notes
  • Are bigger markets safer? How should government policy respond to terrorist threats? Trade draws potential terrorists and economic predators into productive activity, but trade also draws terrorist attacks. Larger trade reduces the risk of terrorist attack when the wage elasticity is high, associated with low ratios of predators to prey and high wages; but it may increase the risk of terrorist attack when the wage elasticity is low, associated with high ratios of predators to prey. Anti-terrorist trade policy should always promote trade in simultaneous play. Government first mover advantage and inelastic wage may imply trade restriction. Tolerance of smuggling may improve security. Better enforcement should ordinarily be provided for bigger, inherently safer and higher wage markets.
  • terrorism, trade, policy, predation, smuggling
  • RePEc:boc:bocoec:701
Language
  • English
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