What might be responsible for the increase of Natural Disasters, affecting the economy of the Nation?
in 100 - 150 words
Answers
Answer:
the worlds are 100 to 150bthe paragraph application letter etc are be written
Answer:
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Explanation:
Scientific evidence has shown that natural disasters have severe short- and long-run impacts on economic growth, development, and poverty reduction. ... Rice production is found to be most affected by natural disasters climate change, while Central Highland and North-West are the most vulnerable regions.
The economic damage caused by disasters varies. Capital assets and infrastructure such as housing, schools, factories and equipment, roads, dams and bridges are lost. Human capital is depleted due to the loss of life, the loss of skilled workers and the destruction of education infrastructure that disrupts schooling.
However, the direct damages (human deaths, injuries, property losses, etc.) caused by the initial impact of natural disasters may lead to indirect damages (of potential wages and capital) at the macro level in terms of forgone production and/or agricultural output, thereby affecting the country's GDP in the long term.