From an economic perspective, the country is particularly sensitive to major, periodic drought events, reflecting the country’s heavy dependence on rain fed agriculture. Meanwhile, floods and landslides are more insidious annual events,
resulting in loss of life, crops and infrastructure Executive summary every year. At first glance, however, the Nepal macro economy appears relatively resilient to the impact of natural hazards other than drought,despite high annual death rates. This apparent immunity reflects a range of factors, including the annual occurrence of floods and landslides, implying that the benefits of a hazard-free year cannot be directly measured; the complex relationship between flooding and crop performance, with certain agricultural benefits from more moderate flooding to some extent offsetting production losses in more severely affected countries; the substantial economic impact of the country’s decade- long conflict, making it difficult to discern the consequences of (lesser) hazard-related shocks; and substantial informal border trade in rice commodities and informal inflows of remittances, both implying
that the impacts of disasters cannot be fully gauged from official figures alone but also, most likely, lessening the impact of disasters on the formal economy. Despite these various factors, available evidence suggests that, cumulatively, disasters are economically significant events for the country as a whole, resulting in average annual losses equivalent to some 1% of GDP and much higher losses in some years. These direct losses have potential further indirect and secondary impacts, including for longer term rates of growth.
#EconomicAndFinancialDecisionMaking #DisasterRisk Reduction
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Publisher:
UNDP
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(2010
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Type / Script:
Progress Report
in English
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Keywords:
DISASTER PREVENTION, DISASTER PREPAREDNESS, NATURAL DISASTERS, CLIMATE CHANGE, DISASTER RELIEF, DAMAGE ASSESSMENT, MACROECONOMICS, ECONOMIC POLICY, BUDGETARY POLICY, GOVERNMENT BUDGETING, PROGRAMME BUDGETING, PROJECT APPRAISAL, PROJECT PREPARATION, DEVELOPMENT POLICY
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Thematic Group:
UNDP
:
Social and Institutional Developoment
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Thesaurus:
13.02.00
- Disaster Prevention, Preparedness And Relief
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Reference Link:
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