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"Natural disasters -- Economic aspects"
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Understanding the economic and financial impacts of natural disasters
This report explores the macro-economic and public finance implications of natural disasters, including the role of information and mechanisms for risk spreading, and drawing in particular on evidence from Bangladesh, Dominica and Malawi.Major natural disasters can have severe negative short-run economic and budgetary impacts. Disasters also appear to have adverse longer-term consequences for economic growth, development and poverty reduction. However, negative impacts are not inevitable: sensitivity to natural hazards is determined by a complex, dynamic set of influences. Vulnerability can shift rapidly, especially in countries experiencing economic transformation - rapid growth, urbanization, and related technical and social changes. The report concludes that in order to stem the rising cost of natural disasters globally, hazard risk management concerns need to be integrated into longer-term national investment policies and development strategies and appropriately reflected in the allocation of financial resources, including medium-term financial planning. The generation and dissemination of quality, reliable scientific information should be supported as part of this process. In addition, assessment of the economic and financial impacts of disasters should be extended to include a full reassessment 18 to 24 months after an event, generating vital information on the nature of impacts and underlying causal factors.
eBook
Disasters in paradise : natural hazards, social vulnerability, and development decisions
\"Long considered ground zero for global climate change in the United States, Florida presents the perfect case study for disaster risk and prevention. Building on the idea that disasters are produced by historical and contemporary social processes as well as natural phenomena, Amanda D. Concha-Holmes and Anthony Oliver-Smith present a collection of ethnographic case studies that examine the social and environmental effects of Florida's public and private sector development policies. Contributors to Disasters in Paradise: Natural Hazards, Social Vulnerability, and Development Decisions explore how these practices have increased the vulnerability of Floridians to hurricanes, tornadoes, floods, droughts, frosts, and forest fires\"--Back cover.
Book
Playing against nature
Defending society against natural hazards is a high-stakes game of chance against nature, involving tough decisions. How should a developing nation allocate its budget between building schools for towns without ones or making existing schools earthquake-resistant? Does it make more sense to build levees to protect against floods, or to prevent development in the areas at risk? Would more lives be saved by making hospitals earthquake-resistant, or using the funds for patient care? What should scientists tell the public when – as occurred in L'Aquila, Italy and Mammoth Lakes, California – there is a real but small risk of an upcoming earthquake or volcanic eruption? Recent hurricanes, earthquakes, and tsunamis show that society often handles such choices poorly. Sometimes nature surprises us, when an earthquake, hurricane, or flood is bigger or has greater effects than expected from detailed hazard assessments. In other cases, nature outsmarts us, doing great damage despite expensive mitigation measures or causing us to divert limited resources to mitigate hazards that are overestimated. Much of the problem comes from the fact that formulating effective natural hazard policy involves combining science, economics, and risk analysis to analyze a problem and explore the costs and benefits of different options, in situations where the future is very uncertain. Because mitigation policies are typically chosen without such analysis, the results are often disappointing. This book uses general principles and case studies to explore how we can do better by taking an integrated view of natural hazards issues, rather than treating the relevant geoscience, engineering, economics, and policy formulation separately. Thought-provoking questions at the end of each chapter invite readers to confront the complex issues involved. Readership: Instructors, researchers, practitioners, and students interested in geoscience, engineering, economics, or policy issues relevant to natural hazards. Suitable for upper-level undergraduate or graduate courses. Additional resources can be found at: http://www.wiley.com/go/Stein/Playingagainstnature [http://www.wiley.com/go/Stein/Playingagainstnature]
eBook
Fiscal policies for development and climate action
This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.
Book
Hazards of nature, risks to development : an IEG evaluation of World Bank assistance for natural disasters
The World Bank's Independent Evaluation Group examined the World Bank's experience in disaster prevention and response over the past 20 years and found that the scale of Bank operations has grown over the period. The report found that the Bank has demonstrated considerable flexibility in its approach, but actions have tended to be more reactive than proactive, with disaster response taking more of the focus that preventative measures.
eBook
The Impacts of Natural Disasters
We in the United States have almost come to accept natural disasters as part of our nation's social fabric.News of property damage, economic and social disruption, and injuries follow earthquakes, fires, floods and hurricanes.Surprisingly, however, the total losses that follow these natural disasters are not consistently calculated.
eBook
Unbreakable : building the resilience of the poor in the face of natural disasters
'Economic losses from natural disasters totaled 92 billion in 2015.' Such statements, all too commonplace, assess the severity of disasters by no other measure than the damage inflicted on buildings, infrastructure, and agricultural production.
eBook