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220928 ||| eng |
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|a 9781498345095
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|a Small States Resilience to Natural Disasters and Climate Change
|b Role for the IMF.
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2016
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300 |
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|a 98 pages
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|a International Monetary Fund
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a Policy Papers
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|a 10.5089/9781498345095.007
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|u http://elibrary.imf.org/view/journals/007/2016/038/007.2016.issue-038-en.xml
|x Verlag
|3 Volltext
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|a 330
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|a Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as greater vulnerability to severe disasters. About 9 percent of disasters in small states involve damage of more than 30 percent of GDP, compared to less than 1 percent for larger states. Greater exposure to disasters has important macroeconomic effects on small states, resulting in lower investment, lower GDP per capita, higher poverty, and a more volatile revenue base
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