The Economist: Counting the cost of calamities

»If human nature cannot be changed, government policy can be. That might mean spending more on preventing disaster so as to cut its costs. Roughly 20% of humanitarian aid is now spent responding to disasters, whereas a paltry (but rising) 0.7% is spent on preventive measures taken to mitigate their possible consequences, according to the World Bank. The Netherlands, whose existence has long been at the mercy of nature, may be at the forefront of rethinking how to cope with it.«, according to The Economist.


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