Is Global Terrorism Economically Beneficial To The US Economy? | The Odyssey Online
Start writing a post
Lifestyle

Is Global Terrorism Economically Beneficial To The US Economy?

Say goodbye to the Eiffel Tower, and hello to the Golden Gate Bridge

15
Is Global Terrorism Economically Beneficial To The US Economy?
Omni Hotel La Costa

Given the recent terrorist attacks in France, Germany and Belgium, potential United States tourists are instead opting to vacation at home. These actions, even with the recent terror events in Orlando and San Bernardino, seemingly validate the confidence that U.S. citizens have in security at home.

According to YouGov, a data collection site, "about 10% of American travelers have canceled a trip in response to the terror attacks, eliminating a potential $8.2 billion in travel spending."

One-fourth of that group surveyed said they canceled their flights to go to a safer destination.

A social psychology professor at the University of Michigan, Oscar Ybarra, said, “We think it’s better to be safe under those circumstances by not doing anything even if we forgo the benefits of having new experiences.”

To think that $8.2 billion in travel revenues were canceled almost overnight, clearly demonstrates the power that these terrorists have on the World economy. However, assuming that US residents will continue to vacation, it then is likely that those same travel dollars are being spent domestically, and are in fact beneficial to the US economy.

In my hometown of San Diego, California, I have never seen first hand the huge flux of tourists this summer. Never before has it been this crowded, as there is no parking, beaches are overcrowded, and many pedestrians are wandering the local streets.

Selfishly, I really prefer less tourists in my “back-yard”, but I understand that many US residents want to remain domestic due to attacks abroad. The good news is that our economy will directly benefit.



Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Entertainment

15 Times Michael Scott's Life Was Worse Than Your Life

Because have you ever had to endure grilling your foot on a George Foreman?

629
Michael Scott
NBC

Most of the time, the world's (self-proclaimed) greatest boss is just that, the greatest. I mean, come on, he's Michael Freakin' Scott after all! But every once in a while, his life hits a bit of a speed bump. (or he actually hits Meredith...) So if you personally are struggling through a hard time, you know what they say: misery loves company! Here are 15 times Michael Scott's life was worse than your life:

Keep Reading...Show less
Featured

12 Midnight NYE: Fun Ideas!

This isn't just for the single Pringles out there either, folks

15591
Friends celebrating the New Years!
StableDiffusion

When the clock strikes twelve midnight on New Year's Eve, do you ever find yourself lost regarding what to do during that big moment? It's a very important moment. It is the first moment of the New Year, doesn't it seem like you should be doing something grand, something meaningful, something spontaneous? Sure, many decide to spend the moment on the lips of another, but what good is that? Take a look at these other suggestions on how to ring in the New Year that are much more spectacular and exciting than a simple little kiss.

Keep Reading...Show less
piano
Digital Trends

I am very serious about the Christmas season. It's one of my favorite things, and I love it all from gift-giving to baking to the decorations, but I especially love Christmas music. Here are 11 songs you should consider adding to your Christmas playlists.

Keep Reading...Show less
campus
CampusExplorer

New year, new semester, not the same old thing. This semester will be a semester to redeem all the mistakes made in the previous five months.

1. I will wake up (sorta) on time for class.

Let's face it, last semester you woke up with enough time to brush your teeth and get to class and even then you were about 10 minutes late and rollin' in with some pretty unfortunate bed head. This semester we will set our alarms, wake up with time to get ready, and get to class on time!

Keep Reading...Show less
Student Life

The 5 Painfully True Stages Of Camping Out At The Library

For those long nights that turn into mornings when the struggle is real.

3203
woman reading a book while sitting on black leather 3-seat couch
Photo by Seven Shooter on Unsplash

And so it begins.

1. Walk in motivated and ready to rock

Camping out at the library is not for the faint of heart. You need to go in as a warrior. You usually have brought supplies (laptop, chargers, and textbooks) and sustenance (water, snacks, and blanket/sweatpants) since the battle will be for an undetermined length of time. Perhaps it is one assignment or perhaps it's four. You are motivated and prepared; you don’t doubt the assignment(s) will take time, but you know it couldn’t be that long.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments