On Saturday, a massive 7.8 magnitude earthquake hit Nepal, a country already plagued by poverty and political instability. Thousands have already died from the quake, and the subsequent aftershocks and avalanches, including one that several hit Mount Everest base camp. The total death toll is still very uncertain as there are many remote villages that are difficult to reach even in normal circumstances.
This tragedy is unfortunately unlikely far from over. There are significant concerns over the availability of drinking water and the possibility of the spread of certain diseases. Additionally, the country will need to rebuild infrastructure and its economy. The Nepalese economy is very dependent on tourism, which will take a hit, at least in the short-term. Coca-Cola is one of only a few multinational corporations that has operations in Nepal. They have suspend operations temporarily, despite their factories remaining intact, and are attempting to distribute clean water. Many countries have pledged aid to Nepal including the US with $10 million. There are some economist that say that disasters can allow developing countries to rebuild stronger after a disaster, overall increasing the economy. Many others, looking at the data and examples, argue that disasters the gains from aid are all lost by the huge destruction and lack of political stability.
What do you think the correct approach of the international community should be to this type of tragedy? Who should be involved in the relief effort (NGOs, the local government, neighboring governments, the UN, multinational corporations)? Do you thin this horrific tragedy will have a silver lining of increased economic productivity or will political instability and the losses cause continued struggle?
Basic information on the earthquake
Economic impact of Nepal Earthquake
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