...Disaster losses include not only the shocking direct impacts
that we see on the news, such as the loss of life, housing, and
infrastructure, but also indirect impacts such as the foregone
production of goods and services caused by interruptions in utility
services, transport, labor supplies, suppliers, or markets.
Although natural disasters have long been considered a tragic
interruption to the development process, the development community now
links disasters to development. An earthquake in San Fernando,
California may suffer the equal amount of direct economic loss as an
earthquake in Venezuela. The disasters differ in the recovery time and
loss of life experienced by each country. In the end, the recovery
factors become an issue of basic development. It is doing development
right and making sure that human activities contribute to reducing
disasters rather than exacerbating them.
Managing Disaster Risk in Emerging Economies is organized
into three parts. Part I on risk identification contains chapters on
the economic impacts of natural disasters in developing countries,
including flooding. It includes Buenos Aires as an example. It also
presents time scales of climate and disaster. The second part explores
aspects of reducing disaster risk. Part III examines strategies for
developing countries to share and transfer disaster risk more
This volume will be of interest to academics, the private sector,
government and international agencies, nongovernmental organizations,
and Bank staff.
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