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Understanding the Economic and Financial Impacts of Natural Disasters

Working paper

Written by Ed Clay

Working paper

Reported disaster losses have risen rapidly over the last few decades, triggering a growing awareness of the potential damage caused by natural hazards. However, there is limited knowledge or understanding of their broader macroeconomic significance or the problems they pose for long-term development.

Drawing on evidence from Bangladesh, Dominica and Malawi, Understanding the Economic and Financial Impacts of Natural Disasters explores these macro-economic and development issues. The report examines the short and long-term economic and financial impacts of natural disasters, the factors that contribute to underlying sensitivities, and identifies opportunities for improving the economic management of risk and disasters as they unfold.

Charlotte Benson , Edward Clay