2 thoughts on “Infographic on Economic Effects of Disasters – negative”
Kunreuther, et. al.(2010) write in Learning from Catastrophes, that economies recovery after a natural disaster, but not to the level they might have reached if no disaster had occurred. In the article cited, there is a fallacy in stating that funds paid to contractors to repair a window, for example, contribute less to the economy that funds paid to local merchants. Investment in the workforce, regardless of work done, still adds to the economy. This would be especially true if the shoemaker’s window were the one broken. Small businesses need to recover as well as home owners.
Recovery Diva 
Kunreuther, et. al.(2010) write in Learning from Catastrophes, that economies recovery after a natural disaster, but not to the level they might have reached if no disaster had occurred. In the article cited, there is a fallacy in stating that funds paid to contractors to repair a window, for example, contribute less to the economy that funds paid to local merchants. Investment in the workforce, regardless of work done, still adds to the economy. This would be especially true if the shoemaker’s window were the one broken. Small businesses need to recover as well as home owners.
As usual, infographics are eye catching, but cannot provide much depth or explanations.
Good points, Tom.