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The Economic Impacts of Natural Disasters$
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Debarati Guha-Sapir and Indhira Santos

Print publication date: 2013

Print ISBN-13: 9780199841936

Published to Oxford Scholarship Online: September 2013

DOI: 10.1093/acprof:oso/9780199841936.001.0001

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The Interlinkages between Natural Disasters and Economic Development

The Interlinkages between Natural Disasters and Economic Development

Chapter:
(p.28) 2 The Interlinkages between Natural Disasters and Economic Development
Source:
The Economic Impacts of Natural Disasters
Author(s):

Ajay Chhibber

Rachid Laajaj

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199841936.003.0003

This chapter provides an analysis of the interaction between natural disasters and human development. It provides a decomposition of the channels through which “human made disasters with a natural trigger” affect long term growth. It categorizes countries by level of exposure and investigates the approaches which can prevent a vicious cycle between natural disasters and low development. Among highly exposed countries, sustainable development needs to go hand in hand with an increase in resilience through both preparedness and mitigation. The chapter highlights the potential of an adaptive capacity at the institutional level, economic diversification, flexibility in aid disbursement, the use of index micro-insurances, and sustainable agriculture.

Keywords:   Natural disasters, Resilience, Mitigation, Preparedness, Poverty trap, Micro-insurance

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