Chapter 10. Surviving—and Prospering from—the Economic Shocks of War, Terrorism, Drought, and Disease

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“When written in Chinese, the word crisis is composed of two characters. One represents danger. The other represents opportunity.”

John F. Kennedy

A new kind of dangerous mountain warfare in Afghanistan and an ugly form of close urban combat in Iraq create lucrative opportunities for companies such as General Atomics to sell its high-altitude spy drones, Flir to move its infrared goggles, and Ceradyne to hawk its ceramic body armor.

Terrorism sparks a boom in products as diverse as bomb-detection equipment and biometric identification, and companies ...

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