Faculty of Economics, Administrative and Social Sciences - iisbf@gelisim.edu.tr
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 Faculty of Economics, Administrative and Social Sciences - iisbf@gelisim.edu.tr

Economics And Finance








 How Should Public Investments Be Made in the Face of an Earthquake Disaster?




Public investments in the face of an earthquake disaster should address the immediate needs
of those affected and support the recovery of the impacted communities. Here are some
critical considerations for making public investments in the aftermath of an earthquake:
 
1. Emergency response and relief: The priority of public investments should be to
provide immediate aid to those affected by the earthquake, including food, shelter,
and medical care. Investments in search and rescue efforts, disaster relief camps, and
other forms of emergency response can help save lives and reduce suffering.
 
2. Reconstruction and repair: Public investments should be made to repair or replace
damaged infrastructure, including roads, bridges, buildings, and utility systems. This
can help restore the functioning of essential services, such as water and electricity,
and support the economic recovery of the impacted area.
 
3. Hazard mitigation: Investments should be made to reduce the risk of future
earthquakes and improve the ability of communities to withstand their effects. This
can include retrofitting existing buildings to make them more earthquake-resistant,
improving building codes and standards, and developing early warning systems.
 
4. Economic recovery: Public investments should support the economic recovery of the
impacted area, including small businesses and the local workforce. This can involve
providing financial assistance and training programs, as well as supporting the
rebuilding of critical infrastructure and services.
 
5. Equity and inclusiveness: Public investments should be distributed equitably and
include marginalized and vulnerable populations, such as low-income families, the
elderly, and individuals with disabilities. This can help ensure that everyone affected
by the disaster has access to the resources they need to recover.
 
6. Long-term sustainability: Investments should be made with a long-term perspective,
considering the potential for future earthquakes and the need to build a more
sustainable and resilient community. This can involve promoting sustainable
development practices, investing in renewable energy, and improving land use
planning.
 
It is important to note that public investments made in the aftermath of an earthquake should
be transparent, well-coordinated, and based on a comprehensive assessment of each impacted
community's specific needs and challenges.