Re: Capitalizing on the earthquake
The damage to infrastructure is of a greater magnitude than the Asian Sunami. After teh latter tragedy, 1-2 million people were made homelesss and close to 10 billion was donated for the rehabilitation projects. Currently, in Pakistan it's estimated that 2-4 million have become homeless and no exact figures are available for the extent of damage.
Many agencies fear that the contributions will be far less than the cost of repairing the damaged infrastructure. I can see two major problems: raising the funds for rehabilitation, and keeping inflation in check as the demand of construction machinery and products will sky rocket. How should the government handle this situation..?
I must add one for thing that after teh Taiwan earthquake, the government used it's massive cache of foreign exchange reserves to fund the reconstruction projects. We don't have the luxury of a thick wallet.