Business's Role in Disaster Prevention

Companies in construction, health care, transport, and even banking can play a role in preparing for natural disastersand thus reduce their impact, especially on the poor

A year ago, on Oct. 8, an earthquake in Pakistan killed more than 73,000 people, injured more than 128,000, and left more than 3 million homeless. It was the latest in a string of disasters that shook the world, starting with the December, 2004, tsunami and continuing with the hurricanes that pounded the Gulf of Mexico and New Orleans. Along with the deaths, injuries, damage, and displacement, these and other disasters cost the global economy almost $350 billion in 2004 and 2005.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.