Academia.eduAcademia.edu

Droughts are world’s costliest disasters

AI-generated Abstract

Droughts have significant and often underappreciated impacts globally, being recognized as the world's costliest natural disasters, causing annual losses between US$6 to 8 billion. While drought occurrences may be overstated, their long-lasting effects necessitate new agricultural policies and improved water management strategies, particularly in Asia where small farms prevail. Emphasis should be placed on developing drought-tolerant crops and fostering a discourse on food security versus self-sufficiency, highlighting the importance of a proactive approach to mitigate future drought impacts.