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Managing the economic consequences of catastrophic earthquakes.

By: Material type: TextTextLanguage: ENG Publication details: 1991Description: 27p., 4 appendicesSubject: An exploration of how well the United States is prepared to handle the long term economic consequences of catastrophic earthquake. The focus of this exercise was on the New Madrid fault area. A simulation technique was used to bring together policy and decision makers in a situation where the problems of interest are portrayed and evolve in a realistic fashion and then determines whether the nation has the policy and regulatory tools necessary to handle these problems. The simlation offered insights into the vulnerability of the economy of a catastrophic earthquake, impact on specific sectors, and existing or needed mechanisms to lessen the impact on the economy.
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An exploration of how well the United States is prepared to handle the long term economic consequences of catastrophic earthquake. The focus of this exercise was on the New Madrid fault area. A simulation technique was used to bring together policy and decision makers in a situation where the problems of interest are portrayed and evolve in a realistic fashion and then determines whether the nation has the policy and regulatory tools necessary to handle these problems. The simlation offered insights into the vulnerability of the economy of a catastrophic earthquake, impact on specific sectors, and existing or needed mechanisms to lessen the impact on the economy.

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