Syed Hasanat Shah, Hafsa Hasnat and Delpachitra Sarath
Pakistan suffered with the menace of terrorism for long and become a front line state in the “War on Terror”. Terrorism shattered Pakistan economy and rendered her external sector…
Abstract
Purpose
Pakistan suffered with the menace of terrorism for long and become a front line state in the “War on Terror”. Terrorism shattered Pakistan economy and rendered her external sector vulnerable to instability and uncertainties.
Design/methodology/approach
Therefore, using system generalized method of moment (GMM), this paper investigates the impact of foreign direct investment (FDI) on exports, imports and trade deficit in the face of unabated terrorism in Pakistan.
Findings
The findings of the paper suggest that as terrorism in Pakistan increased, FDI contribution to Pakistan exports decreased while FDI contribution to Pakistan imports significantly increased. Terrorism also disrupted the chain of local production and increased Pakistan reliance on imports. Thus terrorism widened Pakistan trade deficit of Pakistan and expose Pakistan to external imbalances.
Originality/value
Despite rise in organized acts of terrorism and its adverse impact on various departments of economy, hardly any study bothers to check its impact on trade and investment nexus. This is the first study of its nature that looks deep down to understand how terrorism affects the relation of major economic variables.
Details
Keywords
Md. Wasiul Islam, Md. Mahfuz Ur Rahman and Shakil Ahmed
Visits to locations connected to historical atrocities, tragedy, suffering, or presumably dreadful events are referred to as “dark tourism”. While Bangladesh may not be widely…
Abstract
Visits to locations connected to historical atrocities, tragedy, suffering, or presumably dreadful events are referred to as “dark tourism”. While Bangladesh may not be widely known for dark tourism, several unexplored avenues may be of interest to those who engage in this type of unique and unconventional tourism experience. In addition to creating job opportunities and income generation in Bangladesh, it can achieve educational objectives, communicate with a broad audience, raise awareness of events of the past, and quench people's thirst for information, which can help them to comprehend a society. Though Bangladesh has several somber locations connected to tragic events including World War II, liberation war sites, mass killing sites, shipbreaking yards, Rohingya refugee camps, riots, and the mother language movement, traditional tourism predominates there. If managed responsibly, these varied resources, somber locations, and histories, some of which date back to 1800, could make Bangladesh a dark tourism destination. Although dark tourism in Bangladesh has the potential to contribute to historical awareness, preservation, educational opportunities, and socioeconomic development, it is yet unexplored due to a lack of knowledge, experience, policy, effective marketing, and some controversies. By approaching responsibly, Bangladesh can leverage its history to attract visitors' interests in exploring the darker aspects of the country's past. Hence, this chapter is designed to explore the status and potential significance, prospects, and challenges of dark tourism in Bangladesh. The findings will help policymakers, tourists, and other stakeholders to explore and enjoy enormous benefits from Bangladesh's untapped dark tourism opportunities.