Economic Impact of Natural Disasters
NMIMS Kirit P. Mehta School of Law, India
Volume III, Issue VI, 2020
Economic growth of a country is dependent on various factors such as the human capital, technology and natural resources. These resources are affected by the environmental factors and are often severely impacted by the uncontrollable forces of nature. Although, there have been several studies on the social impact of natural disasters, there is limited research on its correlation with economic growth. In this paper, the author has aims to highlight the impact of natural disasters on the economic growth trajectory of a country, with the help of secondary data available.
Keywords: Natural Disasters, Economic Growth, Short-term, Long-term.