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The upside of natural disasters

February 13th, 2009 · No Comments

godzilla-economyThe Boston Globe published an article, How disasters help, making the case that “natural disasters can give a boost to the countries where they occur – and sometimes, the more the better.” A little over a month after a massive earthquake struck China’s Province, the Chinese government is claiming that despite the catastrophic amount of damage, thanks to the huge rebuilding effort the quake will actually boost national economic growth by .3 percent this year, and it may not be just government hype…

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