It Is Time to Factor Natural Disasters into Macroeconomic Scenarios

Vinod Thomas ()
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Vinod Thomas: World Bank

World Bank - Economic Premise, 2011, issue 52, 1-4

Abstract: Over the recent year, humanity has faced natural disasters of unprecedented magnitude and impact. However, governments and international aid organizations do not systematically plan for preventing and mitigating the effects of natural disasters, and macroeconomic scenarios seldom take into account the results of their increasing incidence, damages, and costs. Using evaluative lessons from the experience of the World Bank, this note highlights the urgent need to invest in climate change mitigation, disaster preparedness, early response, and postdisaster reconstruction.

Keywords: earthquake; climate change; mitigation; adaptation; flood; drought; development; developing countries; weather; World Bank; emergency planning (search for similar items in EconPapers)
JEL-codes: O1 O11 O19 Q5 Q54 Q58 (search for similar items in EconPapers)
Date: 2011
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