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Building Resilience to Natural Disasters and Major Economic Crises

image of Building Resilience to Natural Disasters and Major Economic Crises
The Asia-Pacific region faces multiple crises such as slowdown in developed economies, reduced demand for regional exports, higher costs of capital, and the volatility of commodity markets. This book highlights the increasing trend of natural disasters affecting the region through disruptions to production and supply chains of goods and services as economies of the region become more integrated, and examines the links between the impact of natural disasters and economic shocks. It pays particular attention to policy options that protect and empower the poor and vulnerable, prevent them from falling deeper into poverty and empower them to withstand all forms of crises. It reviews and analyzes how to enhance regional cooperation in Asia and the Pacific in order to protect hard-earned development gains made thus far, including progress towards achieving the Millennium Development Goals.

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Foreword

Building resilience to multiple shocks is one of the most pressing contemporary development challenges faced by Asia and the Pacific. Economic crises and natural disasters are on the rise and know no boundaries; they straddle wide geographic areas, spread across all sectors of economic activity, and endanger our communities. For communities still living in fragile and conflict-affected States, each shock erodes their capacity to cope with the next disaster or crisis on the horizon. They are twice as likely to be undernourished and their children three times as likely to be out of school, while they receive less than half the amount that Governments in other countries spend on education, health and security. These communities are stuck in life-long vulnerability traps from which it is very difficult to break out.

English

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