Disasters present big risks for small GDPs

29 October 2012
The Phnom Penh Post
Development policy and administration / Economy and commerce / Environment and natural resources
Asia Pacific Disaster Report / developing countries / Disaster management / disaster response / Economics / Fifth Asian Ministerial Conference on Disaster Risk Reduction / GDP / Gross Domestic Product / natural disasters / public expenditure / United Nations

Cambodia's small economy leaves it especially vulnerable to devastation in the face of large-scale natural disasters, United Nations agencies and Cambodian officials warned last week. “The relative size of an economy adds to the vulnerability as seen particularly in the case of the Lao Peoples’ Democratic Republic and Cambodia,” noted a report released at the Fifth Asian Ministerial Conference on Disaster Risk Reduction. More than 0.5 per cent of annual public expenditure is spent on disaster response in Cambodia, while annual losses are estimated at 0.7 per cent of the gross domestic product, the Asia Pacific Disaster Report estimates. ...

 By Khouth Sophak Chakrya, P. 4
http://www.phnompenhpost.com/index.php/2012102959444/National-news/disasters-present-big-risks-for-small-gdps.html