Excerpt from Impakter:
Globalization has led to the rapid development of industries, nations, and economies worldwide. Countries have become so interconnected and reliant on each other for trade, manufacturing, and procurement that issues starting in one nation may end up causing major economic impacts for a multitude of others on the other side of the world. Natural disasters can have long-lasting effects on both small and large-scale economies, often occurring randomly, and without warning, major natural disasters have been few and far between. However, as a result of climate change, certain types of disasters are becoming more destructive and frequent and are threatening to impact the global economy.
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