This chapter begins with a comprehensive review of the study on terrorism that has emerged in the last two decades and the consequences of terrorism in terms of economic theory. It aims to highlight the potential influence of terrorism on the distribution of military expenditure among different...

This chapter attempts to highlight the economic perspective behind the rising incidence of terrorism across the world that has impinged a serious threat to the sustainability of mankind. Based on the sample of 123 countries all over the world, it has sought to analyze the relationship between...