The Economics of Natural and Unnatural Disasters

The Economics of Natural and Unnatural Disasters PDF

Author: William S. Kern

Publisher: W.E. Upjohn Institute

Published: 2010

Total Pages: 151

ISBN-13: 0880993634

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Only recently have economists understood natural and unnatural disasters as economic phenomena to be formally analyzed. Given the magnitude of many recent disasters, their impact on local, regional, and national economies, and the coverage of their consequences in the popular press, it is puzzling that the attention of economists was for so long largely diverted from analysis of these events. This book presents a noted group of contributors who stand at the forefront of this increasingly important subdiscipline of economics the economics of disasters. The chapters they contribute cover a wide variety of events and delve into the human and economic impacts disasters impose on nations around the world. Several themes dominant in this literature are discussed. These include the ability of potential disaster victims to accurately assess the risks they face, the role of incentives in ensuring that mitigation efforts are undertaken, the adequacy of our evaluation of the impact of disasters on economies, and discussion of the effectiveness of current government policies toward disaster prevention and relief. These will in all likelihood continue to be topics of discussion in the future as well.

Natural Hazards, Unnatural Disasters

Natural Hazards, Unnatural Disasters PDF

Author: United Nations

Publisher: World Bank Publications

Published: 2010

Total Pages: 280

ISBN-13: 0821380508

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"A combination of case studies, data on many scales, and application of economic principles...[this report] provides an understanding of the relative roles of the market, government intervention, and social institutions in determining and improving both the prevention and the response to hazardous occurrences."-Kenneth J. Arrow, Nobel Prize in Economics, 1972

Unnatural Disasters

Unnatural Disasters PDF

Author: Gonzalo Lizarralde

Publisher: Columbia University Press

Published: 2021-08-10

Total Pages: 482

ISBN-13: 0231552505

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Storms, floods, fires, tsunamis, earthquakes, tornadoes, and other disasters seem not only more frequent but also closer to home. As the world faces this onslaught, we have placed our faith in “sustainable development,” which promises that we can survive and even thrive in the face of climate change and other risks. Yet while claiming to “go green,” we have instead created new risks, continued to degrade nature, and failed to halt global warming. Unnatural Disasters offers a new perspective on our most pressing environmental and social challenges, revealing the gaps between abstract concepts like sustainability, resilience, and innovation and the real-world experiences of people living at risk. Gonzalo Lizarralde explains how the causes of disasters are not natural but all too human: inequality, segregation, marginalization, colonialism, neoliberalism, racism, and unrestrained capitalism. He tells the stories of Latin American migrants, Haitian earthquake survivors, Canadian climate activists, African slum dwellers, and other people resisting social and environmental injustices around the world. Lizarralde shows that most reconstruction and risk-reduction efforts exacerbate social inequalities. Some responses do produce meaningful changes, but they are rarely the ones powerful leaders have in mind. This book reveals how disasters have become both the causes and consequences of today’s most urgent challenges and proposes achievable solutions to save a planet at risk, emphasizing the power citizens hold to change the current state of affairs.

Natural Hazards, UnNatural Disasters

Natural Hazards, UnNatural Disasters PDF

Author: United Nations

Publisher:

Published: 2010

Total Pages:

ISBN-13:

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Earthquakes, droughts, floods, and storms are natural hazards, but unnatural disasters are the deaths and damages that result from human acts of omission and commission. Every disaster is unique, but each exposes actions--by individuals and governments at different levels--that, had they been different, would have resulted in fewer deaths and less damage. Prevention is possible, and this book examines what it takes to do this cost-effectively. It looks at disasters primarily through an economic lens. Economists emphasize self-interest to explain how people choose the amount of prevention, insurance, and coping. But lenses can distort as well as sharpen images, so the book also draws from other disciplines: psychology to examine how people may misperceive risks, political science to understand voting patterns, and nutrition science to see how stunting in children after a disaster impairs cognitive abilities and productivity as adults much later. Peering into the future, it shows that while urbanization and climate change will increase exposure to hazards, vulnerability can be reduced if cities are better managed. This book will be of interest to government officials, urban planners, relief agencies, NGOs, donors, and other development practitioners.

Unnatural Disaster

Unnatural Disaster PDF

Author: Betsy Reed

Publisher: Nation Books

Published: 2006-08-17

Total Pages: 320

ISBN-13: 9781560259374

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Hurricane Katrina was a natural disaster of staggering proportions. The vicious winds and surging seas that lashed the Gulf Coast on August 31, 2005, paralyzed New Orleans and left a scene of utter devastation in their wake. But when the winds and waves abated, they revealed an unnatural disaster — a social catastrophe directly caused by the government's callous indifference to the needs of the region's most vulnerable residents. This pattern of near-criminal government neglect did not begin with its response to Katrina, but the hurricane did lay bare its extraordinary depth and horrifying consequences, exposing how race and class can spell life or death in contemporary America. In the months that followed, The Nation published a series of articles and editorials documenting the gross negligence of the Bush administration and the heroic effort of community organizers and ordinary citizens to put their city back together again, as well as the attempts of political progressives to push for a 'New Deal.' Unnatural Disaster includes riveting on-the-scene reporting, columns, blogs, essays and articles from Mike Davis and Anthony Fontenot, Naomi Klein, Patricia Williams, Jeremy Scahill, Eric Alterman, Adolph Reed, Jr., Eric Foner, Curtis Wilkie, Billy Sothern, among many others.

Vulnerability and Resilience to Natural Hazards

Vulnerability and Resilience to Natural Hazards PDF

Author: Sven Fuchs

Publisher: Cambridge University Press

Published: 2018-03-22

Total Pages: 369

ISBN-13: 1107154898

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A comprehensive overview of the concepts of vulnerability and resilience for natural hazards research for both physical and social scientists.

Economics Of Natural Disasters

Economics Of Natural Disasters PDF

Author: Suman Kumari Sharma

Publisher: World Scientific

Published: 2018-12-12

Total Pages: 299

ISBN-13: 981472324X

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Unlike existing books on the topic that cover more on non-economic aspects of natural disasters, this book covers economic aspects of natural disasters viz damage assessment, risk management and resilience. The book contains several case studies and covers some of the major natural disasters in different countries, most notably the recent Nepal earthquake, tsunami in Fukushima, the Indian Ocean earthquake and tsunami, floods in Thailand, the typhoon Haiyan, and the eruptions of Mount Merapi. It also suggests avenues for better public policies to tackle economics of natural disasters.

The Economic Impacts of Natural Disasters

The Economic Impacts of Natural Disasters PDF

Author: Debarati Guha-Sapir

Publisher: Oxford University Press

Published: 2013-05-02

Total Pages: 417

ISBN-13: 0199339805

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Since the turn of the millennium, more than one million people have been killed and 2.3 billion others have been directly affected by natural disasters around the world. In cases like the 2010 Haiti earthquake or the 2004 Indian Ocean tsunami, these disasters have time and time again wrecked large populations and national infrastructures. While recognizing that improved rescue, evacuation, and disease control are crucial to reducing the effects of natural disasters, in the final analysis, poverty remains the main risk factor determining the long-term impact of natural hazards. Furthermore, natural disasters have themselves a tremendous impact on the poorest of the poor, who are often ill-prepared to deal with natural hazards and for whom a hurricane, an earthquake, or a drought can mean a permanent submersion in poverty. The Economic Impacts of Natural Disasters focuses on these concerns for poverty and vulnerability. Written by a collection of esteemed scholars in disaster management and sustainable development, the report provides an overview of the general trends in natural disasters and their effects by focusing on a critical analysis of different methodologies used to assess the economic impact of natural disasters. Economic Impacts presents six national case studies (Bangladesh, Vietnam, India, Nicaragua, Japan and the Netherlands) and shows how household surveys and country-level macroeconomic data can analyze and quantify the economic impact of disasters. The researchers within Economic Impacts have created path-breaking work and have opened new avenues for thinking and debate to push forward the frontiers of knowledge on economics of natural disasters.

Economics of Natural Disasters and Climate Change

Economics of Natural Disasters and Climate Change PDF

Author: Derya Dogan

Publisher: GRIN Verlag

Published: 2013-01-31

Total Pages: 109

ISBN-13: 3656363560

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Master's Thesis from the year 2012 in the subject Economics - Macro-economics, general, grade: 1,3, University of Wuppertal (Schumpeter School of Business and economics), course: VWL, Makroökonomie, language: English, abstract: During past centuries, natural disasters occurred more often in our environment and caused more serious damage worldwide. The Hurricane Irene in the Caribbean and the USA, the floods in Australia, the earthquake in New Zealand and especially in Japan in 2011 had enormous extends concerning the caused loss and damages in the specific regions. Within the past four decades, the frequency of large natural disasters raised three times more. Furthermore, the economic losses - after adjusting for inflation – increased even eight times more compared to the past decades. This also has a great impact on the insurance industry, since the insured losses increase even in a larger amount compared to other factors affected by natural disasters. However, the insurance industry uses in spite of these unfavorable loss trends, a wide range of coverage against disasters such as Cat Bonds to transfer the disaster risk, and to avoid unnecessary expenses. Climate change also plays a big role in the frequently occurring amount of disasters. Since it is still hard to estimate the impacts of future climate changes for the frequency and intensity of natural disasters with its huge losses, new policies such as Green Growth have been introduced for mitigation effects. The purpose of this thesis is to represent and describe the economics of natural disasters due to climate change with its macroeconomic aspects and structural effects. While demonstrating the impacts on natural disasters to a region’s economy, it is important to know that many other factors are linked with natural disasters that have an effect on a region’s economy. Therefore, after defining the important terms in the first section of this thesis, the scope and costs of natural disasters will be illustrated in chapter 2 for a better demonstration of the disaster events impacts in general. This will start by describing the reasons for climate change to demonstrate in the latter the increasing number of disaster appearances due to the effects of climate change. Different regions will be considered within this analysis, whereas in the following sections only the regions which are economically vulnerable to natural disasters will be taken into account to illustrate the costs of natural disasters........