Dependence of Losses from Natural Hazards on the Prosperity of Societies: A Brief Review

The losses due to natural disasters depend, not only on the magnitude of natural destructive factors, but also on the socioeconomic situation in the society and its capability to withstand those natural factors. Overall, as the Techno sphere is developing and the national wealth increases, the economic losses from disasters become larger, while the number of casualties stabilizes, or even decreases. This tendency is especially pronounced when countries with different levels of economic maturity are compared. Viewing the historical past, we can see not infrequent cases in which major natural disasters preceded the conquest of the political community concerned. However, the converse can also happen: A developing socioeconomic crisis results in greater vulnerability and favors especially large losses.

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