The economics of natural disasters

Abstract

Safeguarding the population and economic facilities from natural disasters is not only a capitalintensive endeavor, but also a science-intensive sphere. It requires a powerful knowledge base in basic and applied science. It also needs the integration of efforts of the scientific community and the community of practitioners—RAS scientists, field-specific specialists, and the corporate sector. The synergy of joint actions would help not only find and implement efficient ways of solving an important problem of the country’s national security but also overcome the current crisis and move the economy onto a path of stable growth.