Unraveling Terrorism's Impact on Trade: Beyond the Conventional Wisdom

FEDTalk AI by FEDTalk AI

S2014 E14
04:27
Episode notes
Episode Title: Unraveling Terrorism's Impact on Trade: Beyond the Conventional WisdomEpisode Notes:
  1. Introduction:
    • The Issue at Hand: A discussion on the relationship between terrorism and trade.
    • The Prevailing Thought: The widely held belief that terrorism typically escalates transaction costs and subsequently dents trade.
  2. Challenging the Norm:
    • The Authors' Perspective: Bandyopadhyay and Sandler's argument against the oversimplified view.
    • Understanding Productive Factors: A dive into the basic building blocks of production – labor, capital, and natural resources.
  3. Terrorism's Direct Impact:
    • Resource Disruption:
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