Economic Impact of Climatic Catastrophes among Penniless Communities in Bangladesh

Author:

Shishir Reza

Rajibur Rahman

Journal: Bangladesh Journal of Political Economy

(pp: 367-384) | Doi No: http:/doi.org/10.56138/bjpe.jun2222

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Abstract

Bangladesh is one of the most vulnerable countries  to  floods,  cyclones,  storm surges and droughts. Climate change has already impacted people’s economy, life, and livelihood in the coastal regions. Bangladesh observes severe exposure to such risks because of its geo-morphological, demographic and socio-economic temperament. Climatic Hazards also remarkably affect agriculture in the haor and char region. It has a tremendous negative effect on water security and food security. SDG-10 calls for the reduction of economic inequality, whilst SDG-13 calls for mitigation of climate change. It denotes this relationship is characterised by a vicious cycle, whereby inequality makes disadvantaged groups suffer a disproportionate loss of their income and  assets, resulting in greater subsequent inequality. It functions in three ways, increased exposure of underprivileged groups to climate hazards, increased susceptibility to damage caused by climate hazards and decreased ability to cope with and recover from the spoil. This paper clarifies a linkage between economic inequality and climate catastrophes in haor, char, urban and coastal regions.

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