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Impact of Natural Disasters on the Natural Economy: The Case of the Tsunami Disaster on Indonesia - Literature review Example

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Author : edison29


This following study is a qualitative research studying the economic impact of the 2004 Boxing Day tsunami on Indonesia using descriptive statistics. It shall examine the phenomenon and the impact of such phenomenon on various stakeholders. …

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Impact of Natural Disasters on the Natural Economy: The Case of the Tsunami Disaster on Indonesia

The researcher states that Indonesia is located in Southeast Asia with its 18,108 islands covering about five million square kilometres between Indochina and the Indian and Pacific waters. It is a Muslim-dominated country and is the fourth most populated country in the world. On the 26th of December in 2004, a 9.2 magnitude earthquake on the Indian Ocean caused a tsunami which killed about 230,000 individuals, 168,000 individuals in Indonesia alone. This remains one of the highest casualties from a natural disaster since recorded history. The tsunami deaths covered Indonesia, Thailand, and the north-western coast of Malaysia, also some parts of Bangladesh, India, Sri Lanka, the Maldives and as far away as Somalia, Tanzania, and eastern Africa. This disaster prompted worldwide assistance to the countries affected with billions of dollars contributed to the country for aid relief. Australia was one of the first to offer its assistance, including the US, the UK, and Japan. The Australia-Indonesia Partnership for Reconstruction and Development (AIRPD) was also established on January 2005 in order to secure immediate assistance to Indonesia. This tsunami caused major changes and upheaval for Indonesia, and major changes which came in the face of Suharto’s fall regime, the country’s transition to democracy, and the Asian financial crisis. Aside from human casualties, various houses, hotels, infrastructures, and livelihoods were wiped-out by the tsunami. Human deaths and injuries, as well as psychological trauma were caused by the tsunami. ...
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