
GDP tragedy: Preventing natural hazards from turning into economic disasters
Small Pacific economies are particularly vulnerable to the impacts of disasters on economic growth. Special support systems need to be in place to help them respond.
Benno holds a PhD in Economics from the University of London and has nearly two decades of research experience, one of which with the ADB, mainly in the area of public finance.
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Small Pacific economies are particularly vulnerable to the impacts of disasters on economic growth. Special support systems need to be in place to help them respond.
‘Build back better’ is often easier said than done after a disaster, but one example from the People’s Republic of China shows that it can be done well.
From past experience we know how quickly the bursting of a privately leveraged boom cycle ends up weighing on national budgets and public debt.
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