The Economics of Natural Disasters
B. N. Porfiriev*
Institute of Economic Forecasting, Russian Academy of Sciences, Moscow, Russia
e-mail: b_porfiriev@mail.ru
Received February 15, 2015
AbstractSafeguarding the population and economic facilities from natural disasters is not only a capital-
intensive 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 prac-
titionersRAS 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 countrys national secu-
rity but also overcome the current crisis and move the economy onto a path of stable growth.
Keywords: natural disasters, risks, economic growth, damage, losses, investments, risk insurance.
DOI: 10.1134/S1019331616010020
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