Dealing with Natural Disaster: Role of the Market
Mitra Barun S.
Additional contact information
Mitra Barun S.: Liberty Institute, New Delhi
Journal des Economistes et des Etudes Humaines, 2000, vol. 10, issue 4, 1-21
Abstract:
Ces dernières années, il y a eu de nombreuses discussions à propos des coûts croissants des risques naturels. Jusqu'à présent, pour la première fois dans l'histoire l'humanité a pu se prémunir contre les caprices de la nature de manière significative. Le développement économique a fourni la meilleure protection contre les cataclysmes naturels. L'intervention du gouvernement dans l'économie a contrarié la croissance économique et retardé la possibilité pour les gens de prendre des mesures efficaces afin d'atténuer l'impact des sinistres naturels. Dans la mesure où les forces du marché ont pu opérer, toute une série d'options ont permis de prédire, prévenir et dédommager les coûts de ces risques.In recent years, there have been a lot of discussions about the increased costs of natural hazards. Yet, the fact is that for the first time in history mankind has been able to insulate themselves from the vagaries of nature to a significant extent. Economic development has provided the best protection against natural cataclysms. Government intervention in the economy has adversely affected economic growth and retarded the ability of the people to take effective measures to mitigate the impact of natural hazards. To the extent the market forces have been allowed the space to operate, a whole range of options has evolved to predict, prevent and offset the costs of these hazards.
Date: 2000
References: Add references at CitEc
Citations:
Downloads: (external link)
https://doi.org/10.2202/1145-6396.1137 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bpj:jeehcn:v:10:y:2000:i:4:n:5
Ordering information: This journal article can be ordered from
https://www.degruyte ... ournal/key/jeeh/html
DOI: 10.2202/1145-6396.1137
Access Statistics for this article
Journal des Economistes et des Etudes Humaines is currently edited by Pierre Garello
More articles in Journal des Economistes et des Etudes Humaines from De Gruyter
Bibliographic data for series maintained by Peter Golla ().