

The Economics of Terror
Nov 29, 2024
Join Thomas Morgan, Chief Research Officer at the Institute for Economics & Peace, and Abhinav Pandya, counterterrorism expert and Founder of Usanas Foundation, as they dive into the grim economics of terrorism. They explore how terrorist organizations are funded, with a striking focus on the role of cryptocurrencies. The conversation delves into rising terrorist-related deaths and the staggering costs nations face after attacks. Plus, they examine the evolving landscape of global terrorism and its implications for security.
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Rising Terrorism Deaths
- Terrorism deaths increased by 22% in 2023, reaching the highest point since 2017.
- Despite fewer incidents, the average deaths per attack rose significantly, marking the worst rate in nearly 10 years.
Global Terrorism Trends
- The 2024 Global Terrorism Index highlights increased deaths, a higher average death rate per incident, and a shift in terrorism's epicenter.
- Sub-Saharan Africa, particularly the Sahel region, now faces the highest impact from terrorism, surpassing Afghanistan and Iraq for the first time.
Emerging Terror Threats
- Islamic State Khorasan (ISK) and unaffiliated, stochastic terrorism pose significant future threats.
- ISK has expanded its operations beyond Afghanistan, while stochastic terrorism is harder to predict and track.