International Journal of Economics and Finance; Vol. 13, No. 2; 2021 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Disguised Terrorism Versus Political and Economic Failures- Which Diagnosis Do We Need to Recognize? 205 Countries in Two Decades of Analysis Amr Saleh1 & Nader Alber2 1 Associate Professor of Economics Ain Shams University, Cairo, Egypt 2 Professor of Finance, Ain Shams University, Cairo, Egypt Corresponding Author: Nader Alber, Associate Professor of Economics Ain Shams University, Cairo, Egypt. E-mail:
[email protected] Received: November 30, 2020 Accepted: December 26, 2020 Online Published: January 20, 2021 doi:10.5539/ijef.v13n2p35 URL: https://doi.org/10.5539/ijef.v13n2p35 Abstract Identifying the causes of terrorism has been a goal of researchers for decades. The evidences and implications of terrorism are both extremely ambiguous, but also poignant. Dealing with terrorism has become the centerpiece of political debates for years. Despite of that, it has always been followed by the similar and identical uncompromising and intransigent security measures in different parts of the world, even if the reasons behind the acts combine many and different types of human sides, including political, social, security, psychological, cultural, and religious dimensions. There are lots of tremendous feelings, not only for the victims but also for the assailants that believe in their unprejudiced acts and are continuously able to justify their significance of the use of violence. That is why the paper started by introducing the subject to the reader, including the terms related to the phenomena, but also introducing the idea that there is an economic cost associated with this phenomenon.