The Political, Economic, and Social Aspects of Katrina
AbstractIn this paper, we examine the resiliency of community recovery after a natural disaster. We argue that a resilient recovery requires robust economic/financial institutions, political/legal institutions, and social/cultural institutions. We explore how politically and privately created disaster preconditions and responses have contributed to or undermined institutional robustness in the context of the Gulf Coast's recovery after Hurricane Katrina. We find that where postdisaster resiliency has been observed, private-sector responses contributing to the health of these institutional arenas are largely responsible. Where postdisaster fragility and slowness has been observed, public-sector responses contributing to the frailty of these institutional arenas are largely the cause. In other words, we engage in a comparative institutional analysis of civil society, entrepreneurial commercial society, and government agencies and political actors in the wake of a natural disaster.
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Bibliographic InfoArticle provided by Southern Economic Association in its journal Southern Economic Journal.
Volume (Year): 74 (2007)
Issue (Month): 2 (October)
Find related papers by JEL classification:
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
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- Yamamura, Eiji, 2013. "Impact of natural disaster on public sector corruption," MPRA Paper 49760, University Library of Munich, Germany.
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- Douglas Coate, 2010. "Disaster and Recovery: The Public and Private Sectors in the Aftermath of the 1906 Earthquake in San Francisco," Working Papers Rutgers University, Newark 2010-004, Department of Economics, Rutgers University, Newark.
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