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Economical Impact


Aftermath, Banda Aceh
Source: Global Cuts

The immediate relief needs in the affected countries in the Indian Ocean are gigantic and complicated, and there will be a long term need for rebuilding in these areas. The disaster is complicated because there are the effects of the earthquake near the epicenter (Banda Aceh) and the widespread effects of the tsunami wave.

In effect, there are two disasters, a very serious earthquake as well as the effects of the tsunamis generated. The effects are likely to be most severe and apparent for island economies and countries/cities dependent on the sea and near the epicenter of the earthquake (Banda Aceh, Andaman and Nicobar Islands, Maldives).


Rubble and Debris, Banda Aceh
Source: Global Cuts

At a Glance

References

  • The Indian Ocean Tsunami: what are the economic consequences?. Retrieved March 7, 2005, from http://www.odi.org.uk/tsunami/tsunami.html
  • Coral reefs may take years to recover from tsunamis. The Manila Times Internet Edition. Retrieved March 7, 2005, from http://www.manilatimes.net/national/2004/dec/30/yehey/opinion/20041230opi8.html
  • Tsunami consequences. NewsFromRussia.com. Retrieved March 7, 2005, from http://newsfromrussia.com/world/2005/01/03/57689.html

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