Natural disasters may be defined as natural catastrophes which cause great damage by disrupting the functioning of a society thus rendering the country incapable of coping through using its own resources as there is a need for outsider assistance in order to effectively preserve lives and the environment. Conversely‚ Natural hazards are natural phenomena that are potential threats to people within a society‚ structures or economic assets and may cause disaster. Natural disasters are inevitable and
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The natural disasters that are typically experienced in the Caribbean can have catastrophic and devastating impacts on the environment‚ economic development and social structure of these islands. Severe damage to the built infrastructure that has supported communities on Caribbean islands for decades can place a huge strain on economic activity. The social impacts that are experienced following natural disasters consist of homelessness‚ injury‚ suffering‚ sickness‚ disease‚ and even death. This paper
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ECONOMIC IMPACTS OF NATURAL DISASTERS ABSTRACT: Disasters of both natural and technological origin have a considerable impact on communities. The effects of disasters in India are significantly reduced by well established counter disaster arrangements at all three levels of government. These arrangements comprise comprehensive plans of prevention‚ preparedness‚ response and recovery and in more recent times‚ of mitigation. The economic effects of disasters can be devastating and widespread. When
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Katrina: The Economic Impact of Natural Disasters Hurricane Katrina: The Economic Impact of Natural Disasters Timothy T. Boyd Embry-Riddle Aeronautical University Abstract Major natural disasters can do and have severe negative short-run economic impacts. Disasters also appear to have adverse longer-term consequences for economic growth‚ development‚ and poverty reductions. Natural disasters cause significant budgetary pressures‚ with both narrowly fiscal short-term impacts and wider
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IMPACT OF NATURAL DISASTERS ON GDP (RELATE TO THE GDP METHOD USED) Due to rising population‚ climate changes and environmental degradation‚ natural disasters is increasing in frequency. There are several factors which affect a country’s vulnerability to natural disasters; its geographic size‚ the type of disasters‚ the strength and structure of its economy and prevailing socioeconomic situation. Japan uses the expenditure method to measure national income. The expenditure include personal consumption
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NATURAL HAZARDS AND DISASTERS IN THE CARIBBEAN Definitions A hazard can be defined as‚ “A potentially damaging physical event‚ phenomenon or human activity that may cause the loss of life or injury‚ property damage‚ social and economic disruption or environmental degradation”. Hazards can include latent conditions that may represent future threats and can have different origins: natural (geological‚ hydrometeorological and biological); or induced by human processes (environmental degradation
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Social and Economic Impacts of Hurricanes on the Caribbean Hurricanes are powerful weather systems‚ which start as disturbances in the atmosphere over tropical oceans. There are many of these disturbances each year‚ but only a few become hurricanes. Most Atlantic and Caribbean hurricanes occur between June and November and have been known to have serious economic and social consequences. Some economic consequences include unemployment‚ loss of revenue‚ loss of foreign exchange etc. Social consequences
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Economic and Social Problems In The Caribbean Unemployment Globalization has contributed significantly to unemployment in the Caribbean. With the removal trade barriers‚ some industries have not been able to compete globally. The lack adequate skills that are required for the new industrial paradigm for example‚ information technology skills have also contributed to the problem of unemployment. A high level of unemployment among the young people of the Caribbean may results in various social
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Natural Disasters We have all seen the awful effects of a flood or an earthquake - if we’re lucky only on the news. About 75 percent of the world’s population live in areas affected at least once by earthquake‚ tropical cyclone‚ flood or drought between 1980 and 2000 (Reducing Disaster Risk UNDP report‚ 2005). What causes natural disasters? First we need to get a bit technical. Natural hazards and natural disasters may sound like the same thing but there is a small but vital
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Natural disasters in Australia Natural disasters are events that occur naturally such as earthquakes‚ cyclones‚ Storms‚ and floods. These kinds of disasters can cause significant physical damage‚ interruption of business services and personal injury/loss of life. Due to the effects of global warming and consequential climate change the rate of natural disasters in Australia is increasing day by day. I myself have faced such kind of natural disaster in Pakistan in the
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