The concept of economic terrorism is disputed, and is generally used in a polemical or demagogic way to associate the term "terrorism" with a country, a company or a group accused of abuses.
Nevertheless, it is also used in a way more strictly defined to indicate an attempt at economic destabilization by a group. More precisely, in 2005 the Center of Security Policy of Geneva 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."