Globalization and Terrorism: Its Impact on Global Business S.K. Kaushik Professor of Finance Pace University, New York and Westchester & Founder Mrs. Helena Kaushik Women's College P.O. Malsisar, Jhunjhunu, Rajasthan, India

Introduction n Globalization of Business Continues in more Countries, Products and Services n Technology and Potential Economic Gains Boosting Globalization n “Evil-Doers” or Terrorists are Using both Trade and Technology at Local, Regional and Global Scales Such As 9-11 n Response Mission: Eliminate Terrorists for a Peaceful and Prosperous World

General Impact n More Spending on Security Technology:Communications, Computers, Military and Police, and Surveillance at Local, Regional and Global Levels n Increased Spending and Monitoring of Economic and Financial Transactions n Therefore, Cost of Doing Global Business Increases and Speed of Transactions Decreases

Impact on Business Operations n Productivity and Efficiency of Global Business Decrease in the Short- run and Increase in the Long-run n Attitudes Toward Crossborder Business More Cautious and Less Trusting into Distant Future n Recording and Monitoring with Cameras, Computers, X-Ray, and audio devices

Lord of the Ring and Fellowship of Coalition n Multilateral Organizations such as the UN, WTO, World Bank, IMF will restructure to fit into the new paradigm n New Paradigms of Government and Political Structures at Regional and Global Levels will Emerge: More Information Sharing and a Hierarchical Structure Among Countries and Global Authorities

Terrorism As We Know It Will Be Controlled n “ When there is fading of the Dharma (righteousness) and burdensome spread of terror on this earth, I am reborn from time to time for the reestablishment of Dharma and destruction of the evil-doers.” Lord Krishna in Gita ( Song Divine, a Hindu book.) n President George W. Bush may or may not have read Gita, he is certainly practicing the wisdom of the Gita! n Globalization of the good kind marches on.