IDEAS home Printed from https://ideas.repec.org/p/ags/iaae06/25320.html
   My bibliography  Save this paper

The Economics of Natural Disasters - Implications and Challenges for Food Security

Author

Listed:
  • de Haen, Hartwig
  • Hemrich, Gunter

Abstract

A large and growing share of the world's poor lives under conditions in which high hazard risk coincides with high vulnerability. In the last decade, natural disasters claimed 79,000 lives each year and affected more than 200 million people, with damages amounting to almost US $ 70 billion annually. Experts predict that disasters will become even more frequent and their impact more severe, expecting a five-fold global cost increase over the next fifty years, mainly due to climate change and a further concentration of the world's population in vulnerable habitats. The paper argues that in order to mitigate disaster impact on poor population groups, development policy and disaster management need to become mutually supportive. Focusing on challenges disasters pose to food security, it proposes that in disaster-prone locations measures to improve disaster resilience should be an integral part of food security policies and strategies. It expands the twin-track approach to hunger reduction to a "triple track approach", giving due attention to cross-cutting disaster risk management measures. Practical areas requiring more attention include risk information and analysis; land use planning; upgrading physical infrastructures; diversification and risk transfer mechanisms. Investments in reducing disaster risk will be most needed where both hazard risk and vulnerability are high. As agriculture is particularly vulnerable to disaster risk, measures to reduce this vulnerability, i. e. protecting agricultural lands, water and other assets, should get greater weight in development strategies and food security policies. Investing in disaster resilience involves trade-offs. Identifying the costs, benefits and trade -offs involved will be a prominent task of agricultural economists.

Suggested Citation

  • de Haen, Hartwig & Hemrich, Gunter, 2006. "The Economics of Natural Disasters - Implications and Challenges for Food Security," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25320, International Association of Agricultural Economists.
  • Handle: RePEc:ags:iaae06:25320
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/25320
    Download Restriction: no

    References listed on IDEAS

    as
    1. Prabhu Pingali & Kostas Stamoulis & Randy Stringer, 2006. "Eradicating Extreme Poverty and Hunger: Towards a Coherent Policy Agenda," Working Papers 06-01, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    2. Jeff Dayton-Johnson, 2004. "Natural Disasters and Adaptive Capacity," OECD Development Centre Working Papers 237, OECD Publishing.
    3. Michael Keen & Paul K. Freeman & Muthukumara Mani, 2003. "Dealing with Increased Risk of Natural Disasters; Challenges and Options," IMF Working Papers 03/197, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arouri, Mohamed & Nguyen, Cuong & Youssef, Adel Ben, 2015. "Natural Disasters, Household Welfare, and Resilience: Evidence from Rural Vietnam," World Development, Elsevier, vol. 70(C), pages 59-77.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iaae06:25320. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/iaaeeea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.