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This earthquake can be noting but good for Haiti. People saw and heard there were problems and poverty here, but did nothing. Now due to the earthquake, people
by tennisman120 17y ago
This earthquake can be noting but good for Haiti. People saw and heard there were problems and poverty here, but did nothing. Now due to the earthquake, people see and and millions of dollars are pouring and and will continue too. It is going to spur growth and economic activity. like ars said, bad initially, but great in the long run.
- timwiseman 17y agoThis MAY end up being good the economy of Haiti in the long run, but it is a huge tragedy in a human scale. Also, remember that for it to help their economy, that humanitarian aid has to stick around for the rebuilding. If everyone makes a huge push to help right now, but then stops as soon as all the bodies are collected, it will not help.
- kingkawn 17y agonothing but good? seriously?
- adharmad 17y agoBroken window fallacy
- timwiseman 17y agoThis does not apply in this case because it is bringing in resources from outside of the country. The broken window fallacy only applies in a relatively closed system. Of course, even if this DOES improve the economy (and I am not saying it will, just that it does not violate the broken window fallacy if it does) this was a horrible tragedy with an enormous deathtoll.
- adharmad 17y agoAgreed..it does not seem to be broken window fallacy....sloppy on my part.
- WalkingDead 17y agoI don't even understand the broken window fallacy. The broken window repair does seem to increase GDP, as long as G means Gross (Gross Domestic Product). Of course the net gain is zero, but that's not what GDP mean, I think.
- flogic 17y agoI seriously doubt aid will continue. It's a passing fad in a month or so we'll have another concern.