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Disaster Economics - A paradoxical effect

04:05

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January 28, 2014

Natural disasters destroy infrastructure and have devastating consequences on local populations. In highly-developed countries, reconstruction efforts can help boost the economy. In less-developed nations, the economy often suffers. But should we be assessing these catastrophes solely on their economic aspects? Economists, businesses and insurance companies certainly do.

Report by Claudia Laszczak

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