The macro-economic impact of disasters

Abstract

Despite 30 years of study, international development policy appears to be little closer to generating protection to vulnerable people from the preventable losses of disaster. Part of the reason for a lack of progress has been the sidelining of disaster in development studies. Disaster events have been seen as exceptional and allowed to fall outside the mainstream of development theory. In this paper we set out and use a framework that allows a more holistic accounting for the macro-economic impacts of disaster, and is a step towards a deeper integration of disasters and development.

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