Friday, October 03, 2003

"Terror Economy" has grown into a $1.5 trillion globe-spanning system

RATHER THAN LOOK at terrorism from a political or religious standpoint, (Italian writer Loretta) Napoleoni approaches it as an economist, which she was before becoming a writer. By tracing the dollars behind the terror networks, she estimates that the “new economy of terrorism” has now grown to $1.5 trillion or more in both illegal and legal transactions. The business of terrorism is now so large and the financial networks supporting it so complex, she says, that if the flow of money to terrorists were suddenly cut off, the drop in liquidity could have a serious impact on the Western economies.

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