SAFTA Misuse = Exporting Economic Terrorism to India
SAFTA Misuse = Exporting Economic Terrorism How can misuse of South Asian Free Trade Agreement Treaty (SAFTA) be stopped? By: Vijay Sardana The term economic terrorism or financial terrorism is strictly defined to indicate an attempt at economic destabilization by a group. Economic terrorism is defined in the following terms: Contrary to "economic warfare" which is undertaken by states against other states, " economic terrorism" would be undertaken by transnational or non-state actors. This could entail varied, coordinated and sophisticated or massive destabilizing actions in order to disrupt the economic and financial stability of a state, a group of states or a society (such as market oriented societies or economies) or a trading exchange for ideological, monetary or religious motives. These actions, if undertaken, may be violent or not. They could have either immediate effects or carry psychological effects which in turn ha...