Understanding the Economic and Financial Impacts of Natural Disasters

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collection.link.208
https://openknowledge.worldbank.org/handle/10986/11842
collection.name.208
Disaster Risk Management
dc.contributor.author
Benson, Charlotte
dc.contributor.author
Clay, Edward J.
dc.date.accessioned
2013-08-12T20:02:30Z
dc.date.available
2013-08-12T20:02:30Z
dc.date.issued
2004
dc.date.lastModified
2021-04-23T14:03:12Z
dc.description.abstract
The study described here examines the short- and long-term economic, and financial impacts of natural disasters. It relies in part, on in-depth case studies of overall sensitivity to natural hazards in the small island economy of Dominica; public finance consequences of disasters in Bangladesh; and, the economic consequences of climatic variability, and the use of climatic forecasting in Malawi and southern Africa. Policy implications are drawn, and, where appropriate, recommendations are made. Finally, directions for future research, and cooperation are outlined. Major natural disasters can, and do have severe negativeshort-run economic impacts, and also appear to have adverse longer-term consequences for economic growth, development, and poverty reduction. But negative impacts are not inevitable. A full reassessment of the economic, and financial impacts of a major disaster, should be made 18 to 24 months after the event. It should be taken into account in reviewing the affected country's short-term economic performance, and the assistance strategy for the country. Vulnerability to natural hazards is determined by a complex, dynamic set of influences that include the country's economic structure, stage of development, and prevailing economic and policy conditions. The eclectic approach adopted in this study, which employed largely qualitative methods, is particularly useful in exploring the many complex, and dynamic pathways through which extreme hazard events influence an economy, and its financial system, as well as for identifying areas, and issues where further investigation, including quantification, would be worthwhile.
en
dc.identifier
http://documents.worldbank.org/curated/en/2004/03/3209743/understanding-economic-financial-impacts-natural-disasters
dc.identifier.isbn
0-8213-5685-2
dc.identifier.uri
http://hdl.handle.net/10986/15025
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
Disaster Risk Management series;no. 4
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ADAPTATION
dc.subject
AGRICULTURAL OUTPUT
dc.subject
BALANCE OF PAYMENTS
dc.subject
CASUALTIES
dc.subject
CATASTROPHES
dc.subject
CLIMATE
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CLIMATIC HAZARDS
dc.subject
COMMUNITY INSURANCE
dc.subject
COVERS
dc.subject
CROP INSURANCE
dc.subject
CROP INSURANCE SCHEME
dc.subject
DISASTER MANAGEMENT
dc.subject
DISASTER MANAGEMENT FACILITY
dc.subject
DISASTER MITIGATION
dc.subject
DISASTER PREVENTION
dc.subject
DISASTER REDUCTION
dc.subject
DISASTERS
dc.subject
DMF
dc.subject
DRAINAGE
dc.subject
DROUGHTS
dc.subject
DYNAMICS
dc.subject
EARTHQUAKES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC ANALYSIS
dc.subject
ECONOMIC BEHAVIOR
dc.subject
ECONOMIC CONSEQUENCES
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ELECTRICITY
dc.subject
EMPIRICAL INVESTIGATIONS
dc.subject
EMPLOYMENT
dc.subject
EPIDEMIOLOGY
dc.subject
FINANCIAL RESOURCES
dc.subject
FLOOD CONTROL
dc.subject
FLOOD FORECASTING
dc.subject
FLOODING
dc.subject
FLOODS
dc.subject
FOOD POLICY RESEARCH
dc.subject
FOOD SECURITY
dc.subject
GNP
dc.subject
GROSS NATIONAL PRODUCT
dc.subject
HOUSING
dc.subject
HURRICANES
dc.subject
IMMUNODEFICIENCY
dc.subject
INCOME
dc.subject
INCOME DISTRIBUTION
dc.subject
INNOVATION
dc.subject
INSURANCE
dc.subject
INSURED LOSSES
dc.subject
IRRIGATION
dc.subject
ISOLATION
dc.subject
LANDSLIDES
dc.subject
MANAGERS
dc.subject
MARKETING
dc.subject
MEDIA
dc.subject
MULTIDISCIPLINARY RESEARCH
dc.subject
NATURAL DISASTERS
dc.subject
NATURAL HAZARDS
dc.subject
NATURAL RESOURCES
dc.subject
PRIVATE SECTOR
dc.subject
PROGRAMS
dc.subject
REFLECTION
dc.subject
RELIEF
dc.subject
RISK MANAGEMENT
dc.subject
RISK REDUCTION
dc.subject
RISK TRANSFER
dc.subject
SOCIAL POLICY
dc.subject
STRUCTURAL ADJUSTMENT
dc.subject
SUSTAINABLE DEVELOPMENT
dc.subject
TOOLS
dc.subject
TRANSPORT
dc.subject
URBAN DEVELOPMENT NATURAL DISASTERS
dc.subject
DISASTER RECOVERY
dc.subject
ECONOMIC IMPACT
dc.subject
FINANCIAL PLANNING
dc.subject
CASE STUDIES
dc.subject
PUBLIC FINANCE
dc.subject
CLIMATIC CHANGE
dc.subject
CLIMATE IMPACT ASSESSMENTS
dc.subject
POLICY PLANNING
dc.subject
ECONOMIC RESEARCH
dc.subject
QUALITATIVE ANALYSIS
dc.subject
QUANTITATIVE DATA
dc.title
Understanding the Economic and Financial Impacts of Natural Disasters
en
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://documents.worldbank.org/curated/en/2004/03/3209743/understanding-economic-financial-impacts-natural-disasters
okr.globalpractice
Social, Urban, Rural and Resilience
okr.globalpractice
Transport and ICT
okr.globalpractice
Health, Nutrition, and Population
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/0-8213-5685-2
okr.identifier.externaldocumentum
000012009_20040420135752
okr.identifier.internaldocumentum
3209743
okr.identifier.report
28406
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/04/20/000012009_20040420135752/Rendered/PDF/284060PAPER0Disaster0Risk0no.04.pdf
en
okr.region.administrative
Africa
okr.region.administrative
Latin America & Caribbean
okr.region.administrative
South Asia
okr.theme
Environment and natural resources management :: Climate change
okr.theme
Environment and natural resources management :: Other environment and natural resources management
okr.topic
Urban Development :: Hazard Risk Management
okr.topic
Health Monitoring and Evaluation
okr.topic
Insurance and Risk Mitigation
okr.topic
Environmental Economics and Policies
okr.topic
Science and Technology Development :: Engineering
okr.topic
Health, Nutrition and Population
okr.unit
Hazard Management (TUDHM)
okr.volume
1 of 1

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