The term economic terrorism is strictly defined to indicate an attempt at economic destabilization by a group. More precisely, in 2005 the Geneva Centre for Security Policy defined economic terrorism 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 western societies) for ideological 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 have economic consequences.
- "Programme". Roundtable on 'Economic Terrorism'. Geneva Centre for Security Policy. July 11–12, 2005. Archived from the original on September 27, 2007.
- James Petras, "Cultural Imperialism in the Late 20th Century", Economic and Political Weekly, 6 Aug 1994, pp. 2070-2073
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