Published Paper Details:

World economy is growing, the standard of living of people has improved, technological advancements have been made, and superpowers are emerging. The bright side of the picture has a flip side too. Violence is on the rise-whether it be ethnic, communal or nations waging war against each other. But what has shaken up the world is the rise of terrorism. No country has been left unaffected by terror attacks. In fact, so sinister are the vibes of terrorism that it is now a popular belief among many that acts of terrorism vandalize an economy and rip it apart. In the paper ‘Tracing Economic Development to Terrorism – with reference to India and Iraq’, an attempt has been made to link key economic parameters to terrorism to see how much an economy is effected by terror incidents. Focus is mainly on growth of gross domestic product, change in tourist arrivals and fluctuations in investments in Iraq and India (with special focus on Jammu and Kashmir) during periods of terrorism. The purpose of the paper is to find whether economic development of a state is disturbed during these turbulent times or not and by how much.