Seven years ago today, one of the most profound natural disasters of modern times hit Asian with the Boxing Day Tsunami. Not many failures on a global scale have been as massive as this one. But, when the mourning was done, the rebuilding began and carries on today. Boston Globe recently carried a piece (Thanks Dad) which explored the silver linings of the worst disasters “How Disaster’s Help”
- “Rebuilding efforts serve as a short-term boost by attracting resources to a country, and the disasters themselves, by destroying old factories and old roads, airports, and bridges, allow new and more efficient public and private infrastructure to be built, forcing the transition to a sleeker, more productive economy in the long term. ‘When something is destroyed you don’t necessarily rebuild the same thing that you had. You might use updated technology, you might do things more efficiently. It bumps you up,’ says Mark Skidmore, an economics professor at Michigan State University. ‘Disasters help people think about things differently.’ Studies have found that earthquakes in California and Alaska helped stir economic activity there, and that countries with more hurricanes and storms tend to see higher rates of growth. Some of the most recent work has found a link between disasters and subsequent innovation.”
A moment of remembrance for the many losses suffered and an hopeful support for the transformation that has followed.