{UAH} No terrorist group can survive unless some govt finances it - terror economy expert
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No terrorist group can survive unless some govt finances it - terror economy expert
In many ways terrorism works just like a business, and a costly one - the organization needs arms, supplies, and each recruit needs to be fed and equipped; it all costs money. But where do terrorists get their money? How are the atrocities financed? Is jihad even possible when you have no-one to back it with a hefty sum? And can a terror group become independent? We ask these questions to economist and expert of the terrorist financial world, Loretta Napoleoni, on Sophie&Co today.
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Sophie Shevarnadze: Loretta Napoleoni, economist, author, expert on the financing of terrorism, welcome to the show, it's great to have you with us. Now, I've heard you speak in one of your speeches, you've said a parallel economic system exists today, and you called it "the economy of terror". You said it's worth $1.5 trln – and that was before 9/11. So, I'm just wondering, how big is this terror economy today.
Loretta Napoleoni:It's about, I would say, 5% bigger than it was before 9/11. But of course, distribution of the money is completely different. There is much more activity in the muslim world that there was before, most of the money moves in cash from place to place, when before it moved through normal international banking system. So there are few changes that have taken place.
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