The impacts of natural disasters on Asian economies: Case studies of earthquakes and tsunamis in Japan, and storms and floods in Vietnam
Main Article Content
Abstract
This paper examines the impacts of natural disasters on Asian economies through two cases of natural disasters in Japan and Vietnam. The paper uses published statistics and the opinions of experts together with personal analysis to examine these two cases, focusses on discussing the impacts of natural disaster on the economy of these two countries, and then expands conclusions to the scope of other Asian economies. The paper argues that natural disasters have considerable consequences on human life and economies, and lead to long term damage in Asia. The paper concludes by inferring some policy implications to help Asian countries minimize the impacts of natural disasters on their economies. It is emphasized that individual nations should understand the importance of nature and collaborate closely to protect nature and minimize the impact of disasters.
Keywords:
Natural disaster, impacts, Japan, Vietnam, Asia.
References
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[3] Banuri, S. (2005). The macroeconomic impacts of natural disasters. Texas.
[4] BBC. (2011). Japan earthquake: Tsunami hits northeast [Electronic Version], 11/3/2011. Retrieved 1/7/2011 from http://www.bbc.co.uk/news/worldasia-pacific-12709598.
[5] CNN. (2008). 47 dead, mising in Vietnam floods. Retrieved 1/5, 2011, from http://edition.cnn.com/2008/WORLD/asiapcf/11/02/v iet.floods/
[6] Collins, S., Nguyen, D. K., & Pham, Q. A. (2009). Reducing flood and storm vulnerability, Vietnam: World Vision.
[7] Communist Party of Vietnam Online Newspaper. (2008). Flood and torrential rain take 64 lives. Retrieved 1/5, 2011, from http://www.cpv.org.vn/cpv/Modules/News_English/N ews_Detail_E.aspx?CN_ID=255678&CO_ID=30107
[8] Đức Phú. (2011). Japan's natural disaster affects the Asian economic development (Thiên tai ở Nhật Bản ảnh hưởng tới phát triển kinh tế châu Á) [Electronic Version]. Government Web Portal of Vietnam, 15/3/2011. Retrieved 1/7/2011 from http://www.baomoi.com/Home/KinhTe/baodientu.c hinhphu.vn/Thien-tai-o-Nhat-Ban-anh-huong-toiphat-trien-kinh-te-chau-A/5874341.epi.
[9] Guha-Sapir, D. (2008). EM-DAT's new disaster classification. Cred Crunch(13).
[10] Guha-Sapir, D., Vos, F., Below, R., & Ponserre, S. (2011). Annual Disaster Statistical Review 2010: The numbers and trend. Brussel, Belgium: Centre for Research on the Edidemiology of Disaster - CRED.
[11] IMF. (2011). World Economic Outlook April 2011: Tensions from the Two-Speed Recovery; Unemployment, Commodities, and Capital Flows. Washington D.C, The US: International Monetary Fund.
[12] International Federation of Red Cross and Red Crescent Societies. (2008). Vietnam: Floods (No. GLIDE FF-2008-000211-VNM): International Federation of Red Cross and Red Crescent Societies.
[13] IRIN. (2010). Global: Asia most at risk from natural disasters. Retrieved 10/7, 2011, from http://www.irinnews.org/report.aspx?ReportId=89305
[14] Johnson, R. (2011). Japan's 2011 Earthquake and Tsunami: Food and Agriuclture Implications: Congress Research Service.
[15] Ma. Sn. (2005). Natural Disaster: At the whim of nature. Environment and Poverty Times Retrieved 1/7, 2011, from http://www.grida.no/files/publications/environmenttimes/poverty%20No1%20-%20page12.pdf
[16] Ministry of Natural Resources and Environment. (2010). Vietnam's second National Communication to the United Nations Framework Convention on Climate Change. Hanoi, Vietnam: Ministry of Natural Resources and Environment.
[17] Nanto, D. K., Copper, W. H., Donnelly, M., & Johnson, R. (2011). Japan’s 2011 earthquake and tsunami: Economic effects and implications for the United States: Congressional Research Service.78 V.T. Huong, N.H. Minh / VNU Journal of Science, Economics and Business 27, No. 5E (2011) 66‐78
[18] Padli, J., & Habibullah, M. S. (2009). Natural Disaster Death and Socio-Economic Factors in Selected Asian Countries: A panel data analysis. Selangor, Malaysia.
[19] Pham, H. G., & Pham, H. N. (2010). Flood mitigation strategy for sustainability in Vietnam. Hanoi, Vietnam: Vietnam National Committee on Large Dams and Water Resource Management.
[20] Scott, D. (2008). Natural disaster adn their root causes [Electronic Version]. Helium, 9/5/2008. Retrieved 1/7/2011 from http://www.helium.com/items/1035805-naturaldisasters-and-their-root-cause.
[21] UNEP. (2011). Asia - Pacific Environment Outlook (pp. 12): United Nation Environment Program.
[22] UNESCAP. (2007). Statistical Yearbook for Asia and the Pacific 2007. Washington, D.C: United Nation: United Nations Economics and Social Commission for Asia and the Pacific.
[23] Việt Hà. (2011). Earthquake and tsunami in Japan caused damages of nearly 210 billion USD (Nhật Bản: Động đất/Sóng thần gây thiệt hại gần 210 tỷ
USD) [Electronic Version]. Retrieved 1/8/2011 from http://dantri.com.vn/c36/s140-492632/nhat-bandong-datsong-than-gay-thiet-hai-gan-210-ty-usd.htm.
[24] VietNamnet. (2008). Heavy rains to continue, more deaths reported. Retrieved 11/2, 2011, from http://english.vietnamnet.vn/social/2008/11/811461/
[25] VnExpress. (2008). Hanoi has 17 deaths with a damage of VND 3000 billion (Hà Nội có 17 người chết, thiệt hại 3000 tỷ đồng) Retrieved 1/5, 2011, from http://vnexpress.net/gl/xahoi/2008/11/3ba07fff/
[26] VOV. (2011). Japan reduced 15% of electricity consumption (Nhật Bản giảm 15% lượng điện tiêu thụ). Retrieved 12/5, 2011, from http://vov.vn/Home/Nhat-Ban-giam-15-luong-dientieu-thu/20117/179302.vov
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[28] Wikipedia. (2010). Economy of Asia. Retrieved 12/7, 2011, from http://en.wikipedia.org/wiki/Economy_of_Asia