The Effect of Economic Factors on the Consequences of Natural Disasters and Their Interdependence
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Date
2009
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Publisher
Suleyman Demirel University
Abstract
This article examines the interdependence between economic factors and the consequences of natural disasters, emphasizing the importance of preparedness and resilience. Natural disasters have both microeconomic and macroeconomic impacts, affecting physical infrastructure, industrial output, human resources, and financial systems. Direct effects include damage to buildings, transportation networks, and utilities, while indirect and secondary effects influence national economic growth, inflation, trade balance, government expenditures, and investment reserves. The study highlights that the economic impact of disasters extends beyond local regions, affecting global markets in a globalized world. Mitigation strategies include improving disaster preparedness, implementing rehabilitation measures, restoring infrastructure, utilizing foreign investments and grants, and stabilizing human resources. Preventive policies and strategic planning are essential for reducing economic losses, maintaining social stability, and supporting sustainable development in disaster-prone regions.
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Keywords
natural disasters, economic impact, macroeconomic effects, microeconomic effects, infrastructure, disaster mitigation, global economy
Citation
Natiq H. Pasha, Isa H. Gasimov / The Effect of Economic Factors on the Consequences of Natural Disasters and Their Interdependence / Suleyman Demirel University / Сду хабаршысы, 2009