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Natural Hazards, UnNatural Disasters : The Economics of Effective Prevention

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  • World Bank
  • United Nations
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    Abstract

    This report synthesizes knowledge about the effects of natural hazards on human welfare, particularly in its economic aspects. It is a remarkable combination of case studies, data on many scales, and the application of economic principles to the problems posed by earthquakes, abnormal weather, and the like. It provides a deep understanding of the relative roles of the market, government intervention, and social institutions in determining and improving both the prevention and the response to hazardous occurrences. The report looks at disasters primarily through an economic lens. Economists emphasize self-interest to explain how people choose the amount of prevention, insurance, and coping. But lenses can distort as well as sharpen images, so the report also draws from other disciplines: psychology to examine how people may misperceive risks, political science to understand voting patterns, and nutrition science to see how stunting in children after a disaster impairs cognitive abilities and productivity as adults much later. Peering into the future, the report shows that growing cities will increase exposure to hazards, but that vulnerability will not rise if cities are better managed. The intensities and frequencies of hazards in the coming decades will change with the climate, and the report examines this complicated and contentious subject, acknowledging all the limitations of data and science.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2512/578600PUB0epi2101public10BOX353782B.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 2512 and published in 2010.

    ISBN: 978-0-8213-8050-5
    Handle: RePEc:wbk:wbpubs:2512

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. R. J. Nicholls & S. Hanson & Celine Herweijer & Nicola Patmore & St├ęphane Hallegatte & Jan Corfee-Morlot & Jean Chateau & Robert Muir-Wood, 2008. "Ranking Port Cities with High Exposure and Vulnerability to Climate Extremes: Exposure Estimates," OECD Environment Working Papers 1, OECD Publishing.
    2. Glaeser Edward L, 2005. "Should the Government Rebuild New Orleans, Or Just Give Residents Checks?," The Economists' Voice, De Gruyter, vol. 2(4), pages 1-7, September.
    3. Tol, Richard S. J. & Narita, Daiju & Anthoff, David, 2008. "Damage Costs of Climate Change through Intensification of Tropical Cyclone Activities: An Application of FUND," Papers WP259, Economic and Social Research Institute (ESRI).
    4. Mendelsohn, Robert & Emanuel, Kerry & Chonabayashi, Shun, 2011. "The impact of climate change on global tropical storm damages," Policy Research Working Paper Series 5562, The World Bank.
    5. Henderson, J. Vernon & Wang, Hyoung Gun, 2007. "Urbanization and city growth: The role of institutions," Regional Science and Urban Economics, Elsevier, vol. 37(3), pages 283-313, May.
    6. Scott Barrett, 2008. "The Incredible Economics of Geoengineering," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(1), pages 45-54, January.
    7. Dasgupta, Susmita & Laplante, Benoit & Murray, Siobhan & Wheeler, David, 2009. "Sea-level rise and storm surges : a comparative analysis of impacts in developing countries," Policy Research Working Paper Series 4901, The World Bank.
    8. Barrett, Scott & Toman, Michael, 2010. "Contrasting future paths for an evolving global climate regime," Policy Research Working Paper Series 5164, The World Bank.
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    Cited by:
    1. Yamamura, Eiji, 2011. "Institution and decomposition of natural-disaster impact on growth," MPRA Paper 35537, University Library of Munich, Germany.
    2. Bustelo, Monserrat & Arends-Kuenning, Mary P. & Lucchetti, Leonardo, 2012. "Persistent Impact of Natural Disasters on Child Nutrition and Schooling: Evidence from the 1999 Colombian Earthquake," IZA Discussion Papers 6354, Institute for the Study of Labor (IZA).
    3. SAWADA Yasuyuki & NAKATA Hiroyuki & SEKIGUCHI Kunio, 2014. "Natural Disasters, Land Price, and Location of Firms: Evidence from Thailand," Discussion papers 14029, Research Institute of Economy, Trade and Industry (RIETI).
    4. Yamamura, Eiji, 2013. "Impact of natural disasters on income inequality: Analysis using panel data during the period 1965 to 2004," MPRA Paper 45623, University Library of Munich, Germany.
    5. Fardoust, Shahrokh & Dhareshwar, Ashok, 2013. "Some thoughts on making long-term forecasts for the world economy," Policy Research Working Paper Series 6705, The World Bank.
    6. Ebru A. Gencer, 2013. "An Overview of Urban Vulnerability to Natural Disasters and Climate Change in Central America & the Caribbean Region," Working Papers 2013.78, Fondazione Eni Enrico Mattei.
    7. Yamamura, Eiji, 2011. "The changing effect of legal origin on death tolls in natural disasters from 1960 to 2008," MPRA Paper 33112, University Library of Munich, Germany.
    8. Martina Kirchberger, 2014. "Natural disasters and labour markets," CSAE Working Paper Series 2014-19, Centre for the Study of African Economies, University of Oxford.
    9. Sebastian von Dahlen & Goetz von Peter, 2012. "Natural catastrohpes and global reinsurance - exploring the linkages," BIS Quarterly Review, Bank for International Settlements, December.

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