Monday, April 28, 2014

How costly are natural hazards?




Costs of natural hazards are at historically high levels, and show an increasing trend. Cost assessments of natural hazards often only cover direct costs and even these are assumed to be at least 50% higher than international assessments report. However, besides direct damage, also indirect damage is relevant. For example, the Thailand flood in 2011 shut down scores of factories and damaged global car manufacturing and electronics industries.

http://www.sciencedaily.com/releases/2014/04/140426155351.htm

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