The Analysis Of Economic Impact Of Natural Disasters

Abstract

Natural disasters are unexpected events that cause significant material, human, economic and ecological damage, which cannot be countered with their own resources, which is why an in-depth knowledge of the factors that trigger them and an in-depth assessment of possible strategies to reduce the consequences of these events are needed. The frequent occurrence of these events requires the implementation of an adequate risk management system. The article aims at a thorough analysis to identify the negative effects of natural disasters on the economy and the factors that influence them. Knowing these factors can help us to create strategies for the negative effects of natural disasters. Thus, in the first part of the paper I presented a conceptual approach to natural disasters and their economic impact, in the second part of the article I achieve an analysis of the economic impact of natural disasters worldwide, followed by an analysis of them on continents and conclusions. The problem that I chose is one of great importance, given that natural disasters appear more and more frequent and are much more difficult to forecast and manage. In the elaboration of this paper I used qualitative research based on the use of methods such as comparative analysis, data processing and analysis, documenting reports, studying reference works and studies.