Better understanding positive and negative impacts of disasters on regional economies, with special reference to China

Abstract

The impact of disasters on the macroeconomy has moved to the centre of sustainable development in a country and regions, as disasters can affect all sectors of society. It is of great practical value for comprehensive disaster reduction and sustainable development to better determine these impacts, analyse different types of disasters and different impact types, and clarify both positive and negative implications for the macroeconomy from the short term to longer term. Disasters have played an especially important role on China's economic development with implications examined in this paper.

Understanding the Government Responsibility and Role of Enterprises’ Participation in Disaster Management in China

“…In addition, the government and enterprises should pay attention to the disaster defense ability of residents in disaster risk areas in the process of disaster management. The disaster defense ability of residents mainly includes physical defense ability, social defense ability, and humanistic defense ability [3]. The physical defense capacity is mainly the ability of residents to reduce disaster through engineering measures.…”

“…Although the establishment of the Ministry of Emergency Management in 2018 shows that the Chinese government has promoted the status of emergency management, the system is still imperfect. At present, although China's governments at all levels have established disaster institutions such as emergency management office, the system and mechanism are still not perfect, and it is difficult to create good conditions for enterprises to participate in disaster management [3]. Therefore, it is urgent to improve the system construction by strengthening the construction of the professional team, build a platform for enterprises to participate in disaster management, and give full play to the role of grassroots government in the bridge between enterprises and higher government, and effectively promote the construction of enterprise participation in disaster management system and mechanism.…”

“…With the development of information technology, enterprises can transcend the limitation of geographical space and form a network structure closely linked with each other [3]. At the same time, as the basic unit of global economic development, enterprises face the threat of various natural disasters all the time [4].…”

Better Understanding the Catastrophe Risk in Interconnection and Comprehensive Disaster Risk Defense Capability, with Special Reference to China

“…With the development of the social economy, the field and scope of exposures are continuing to expand, which lead to an increase in government and social investment in disaster risk management [13]. At the same time, the interaction and coupling among disaster-formative environment, hazards, and exposures tend to be complicated [14]. The complex disaster phenomenon such as disaster chains, multi-hazards, and compound disasters have increased more than ever before, which have affected the social ecosystem through a comprehensive process in the form of dynamic and non-dynamic effects [15].…”

Better Understanding Insurance Mechanism in Dealing with Climate Change Risk, with Special Reference to China

“…Since the second half of the 20th century, the number of global natural disasters has shown an obvious growth trend, and the economic losses caused by natural disasters have also shown a rapidly increasing trend [ 8 , 9 ], especially in economically underdeveloped areas such as East Asia, South Asia, Southeast Asia and Africa [ 10 ]. The global insurance coverage gap was $163 billion in 2018 [ 11 ].…”