Natural mayhem can create havoc not only to human lives, but also to economies. The Recent disaster in Japan vouches for this. Recently an ‘analysis and mapping’ firm maplecroft released a report stating that emerging economies like India, China, Philippines and Indonesia face the highest economic risk from natural disasters. Despite the US and Japan having the highest economic exposure to natural hazards, the aforementioned emerging economies are proportionately at greater risk from them as they lack the capacity to combat the impact of a major disaster. Read More
