|Disaster Economics - 1st Edition (Department of Humanitarian Affairs/United Nations Disaster Relief Office - Disaster Management Training Programme - United Nations Development Programme , 1992, 52 p.)|
|Part 2 - Alternative disaster scenarios|
Part 2 has provided several specific disaster scenarios. Each of these scenarios is realistic and drawn from the author's real world experience. Each scenario has its own internal dynamics and potential solutions. This suggests that each disaster faced by the policy analyst is a unique event requiring unique solutions.
The important point, however, is that each scenario, when analyzed from an economic point of view, has alternative solutions and each of these solutions has trade-offs. Failure to identify the alternatives and their intended and unintended economic consequences leaves the policy analyst and decision-maker in the unenviable position of having few choices and a relatively limited understanding of the likely outcomes of proposed interventions.
The importance of economic analysis is the analytical framework, i.e. the questions asked by the analyst. What should be done right way, what can wait, and what should not be done - these are the key questions.