Thursday, August 16, 2012

B' b'desh highest financial risk of natural disasters

Nizam Ahmed

Bangladesh is the highest financial risk from the threat of natural disasters such as floods, earthquakes and hurricanes, British risk analysis organization Maplecroft said Wednesday.

In addition to Bangladesh five other Asian Schwellenländer--the Philippines, Myanmar, India, Viet Nam and Laos-the similar threat due to high exposure of their cities face and trading hubs, to natural disasters the international think tank on natural disasters said.

And ranking of the Maplecroft include Haiti, the Dominican Republic, Honduras to the nine top countries with the highest financial risk by possible natural disasters, according to the risk of natural hazards - 2012 put together.

Bangladesh top the list, followed by the Philippines, Dominican Republic, Myanmar, India, Viet Nam, Honduras, Laos and Haiti.

Bangladesh is the most vulnerable, natural disasters, as it is destroyed by floods, storms or hurricanes, the hundreds of people and damage almost every year kill crops worth millions of dollars on average.

"But luck is that no serious natural disasters in the last three years," said officials of the Ministry of food and disaster management.

These nine countries have threatened also poor ability, significant disaster recovery is likely to cause a disturbance of the market with poor investment and supply chain.

The head of maps and indexes Helen Hodge said "high exposure to natural hazards in these countries are still aggravated due to a lack of toughness compared to that to combat effects of a disaster, a should," maplecroft.

"Given the exposure of the most important financial and manufacturing centers, the occurrence of an event most likely would significantly affect the economic performance of these countries, as well as foreign entrepreneurs have."

Maplecroft research showed that it leads other risks such as social unrest, food security, corruption and rule of law itself to increased political, could exacerbate.

High level of economic exposure, coupled with weak capacity, means that the effects of a major natural disaster would be likely to feel ratings in these countries.

The resulting impact in the five growth of the Asian economies would not only include interruptions of their national economies, but also the operations and supply chains of many of the largest companies in the world to invest in these places due to its significant growth opportunities.

Effects in these exposed Asian countries are raised by their economic fragility, the think tank, said.

Some of the highest risk countries have significant economic outputs, but they are great life, poor communities, of which many marginal areas such as flood plains, leaving constituent workforce increased risk and without the necessary resources, to an event as a result recover operated.

According to Maplecroft, these countries may years ' back from an event on a similar scale to the Japan earthquake legs ' make.

A year after the largest earthquake ever recorded the Japanese economy's economic performance has back seen prior to the event levels and growth forecasts.

The effects on countries with less resistance than in Japan occupied the 2011 floods in Thailand wiped off, but damaged infrastructure, which not yet, almost a year after the event is resolved not only 9.00% of the country's GDP.

The floods also affected the operations and supply chains of multinational companies, with the automotive industry and ICT made most difficult sectors - manufacturers of hard drives were only two-thirds of the demand in the last quarter of 2011pushing prices to meet up to 55 percent.

"Increased as the global influence of the emerging economies;" "The importance of their inherent natural hazards-exposure wider and deeper global impact will have", said a friend Helen Hodge.

"The test for emerging and developing countries is a stronger capacity, susceptible to create the challenge of exposure environments." "Otherwise their ambitious economic growth is risk if hit the inevitable natural hazards."

Last year was the most expensive 12 months on record for natural disasters, costs US$ 380 billion (? 242 billion), who said think tank.

The main reason for the tip was that earthquake and the tsunami, which struck Japan in March 2011, which was estimated $210 billion cost, Maplecroft said.


Source: thedailystar.net


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