Climate and Output in Low-Income Countries
Adaptive policies like building codes that are more hazard-resistant help countries better handle weather shocks. (iStock by Getty Images)
In This Episode
As the average annual global temperature is expected to rise by 4 degrees Celsius or more by 2100, economic output in countries with hot climates continues to fall. And given that most low-income countries are located in hot regions, low-income countries are bearing the brunt of the negative economic costs of climate change even though they contribute very little to the greenhouse gas emissions that cause it. In this podcast, IMF economists Sebastian Acevedo and Natalija Novta say the increasing frequency and severity of natural disasters is having a negative impact on growth.
Acevedo and Novta are coauthors of Weather Shocks and Output in Low-Income Countries:Adaptation and the Role of Policies
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BEHIND THE MIC
Bruce Edwards
International Monetary Fund
Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.
Rhoda Metcalfe
RHODA METCALFE is an independent journalist and audio producer.