The Türkiye Earthquake Recovery and Reconstruction Project aims to restore essential services and housing in areas impacted by the February 2023 earthquakes. It includes four main components: restoring municipal infrastructure and services, health services, rural housing reconstruction, and project management. The project is funded by the largest single financing package to be extended to Türkiye by the World Bank.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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I've 'scooped' this World Bank clip not so much because of the impact of the scope of the Recovery and Reconstruction Project, but because of how you might think of modelling both the original natural disaster, and the subsequent recovery from it.
How might you use AD-AS analysis to do this? What other important macroeconomic concepts might you bring to bear? Why is the multiplier relevant here? Are there any features of such projects that might limit their effectiveness, and how would you evaluate them?