The impacts of natural disasters on Asian economies: Case studies of earthquakes and tsunamis in Japan, and storms and floods in Viet Nam
This paper examines the impacts of natural disasters on Asian economies through two
cases of natural disasters in Japan and Viet Nam. 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.