Asia8217;s fast economic growth has increased the region8217;s vulnerability to natural disasters,with new developments springing up in catastrophe-prone areas,the UN warned today.
Asia-Pacific countries suffered 8220;staggering8221; losses of USD 294 billion from natural disasters last year,with the Thai floods and Japan8217;s quake-tsunami major contributors to the huge bill,the United Nations report said.
GDP per capita in the region has increased 13-fold since 1980 but disaster losses have risen 16-fold,it said.
8220;The region has been slow to be concerned by how the growth of disaster risks has been spurred by rapid economic growth,8221; said the report from the UN Economic and Social Commission for Asia and the Pacific.
The UN noted a 8220;pattern of recent growth where most new development in the region has been along coastlines and in floodplains,locations highly exposed to natural hazards8221;.
The report,released today at the start of a regional conference on reducing disaster risks being held in Yogyakarta,central Java,urged countries in the region to spend more to avert future catastrophes.
8220;The region has yet to commit adequate resources to reduce disaster risks and protect the development gains made possible by sustained growth,8221; it said.