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INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS<br />

APRIL 2012<br />

VOL 3, NO 12<br />

Literature Review<br />

Accord<strong>in</strong>g to Alcamo (2003) natural disasters like earthquakes, hurricanes, floods, and<br />

so on, have massive <strong>economic</strong> repercussions for <strong>the</strong> affected regions’ as <strong>the</strong>y wreak<br />

havoc on <strong>the</strong> region's economy by caus<strong>in</strong>g disastrous loss <strong>of</strong> life and valuable resources,<br />

like food, water and hous<strong>in</strong>g. Extremely violent storms or geological events like<br />

earthquakes and volcanic eruptions can wipe out bridges, roads and destroy rail and<br />

airport systems, disrupt<strong>in</strong>g commerce. Arnell (1999)”Disaster and <strong>the</strong>ir consequences”.<br />

He illustrated that a disaster is regarded a cause <strong>of</strong> disastrous loss <strong>of</strong> life and valuable<br />

resources without car<strong>in</strong>g that it is beyond <strong>the</strong> capacity <strong>of</strong> our society to cope us<strong>in</strong>g its<br />

own limited resources. Natural disasters also give rise to <strong>in</strong>creased <strong>in</strong>flation and thus<br />

worsen poverty for an already worse region. While prices for many commodities, such<br />

as food, lumber and o<strong>the</strong>r build<strong>in</strong>g materials <strong>of</strong>ten rise, after a natural disaster causes<br />

destruction on a large scale. In <strong>the</strong> weeks after Hurricane Katr<strong>in</strong>a hit <strong>the</strong> Gulf Coast,<br />

prices for lumber, panels and particle board soared by as much as 50% and rema<strong>in</strong>ed<br />

high as demand for rebuild<strong>in</strong>g materials competed with demand from <strong>the</strong> country's<br />

already overheated hous<strong>in</strong>g market (Chiew 2002).<br />

Drought (2005) <strong>the</strong> danger <strong>of</strong> mount<strong>in</strong>g <strong>in</strong>flation and <strong>the</strong> massive loss <strong>of</strong> human<br />

productivity undoubtedly block <strong>economic</strong> growth <strong>of</strong> <strong>the</strong> victim regions <strong>in</strong> <strong>the</strong> months,<br />

and even years, that follow <strong>the</strong> natural disaster. Poverty is multidimensional and thus<br />

many factors contribute to poverty but its most obvious expression is <strong>in</strong>sufficient<br />

household <strong>in</strong>come, while <strong>the</strong>re is also a very effective <strong>role</strong> <strong>of</strong> NGO`s <strong>in</strong> develop<strong>in</strong>g <strong>the</strong><br />

Socio-Economic condition and reduc<strong>in</strong>g <strong>the</strong> poverty. Well if Socio-Economic status it is<br />

a measure <strong>of</strong> <strong>economic</strong> and <strong>socio</strong>logical behaviors when comb<strong>in</strong>ed <strong>the</strong>y give total<br />

experience <strong>of</strong> a person and an <strong>in</strong>dividual or a social and <strong>economic</strong> position <strong>of</strong> <strong>the</strong> family<br />

<strong>in</strong> relation to o<strong>the</strong>rs, which can be based on <strong>in</strong>come, education & occupation. “An<br />

analysis <strong>of</strong> a family, family <strong>in</strong>come, education & occupation are exam<strong>in</strong>ed, as well as<br />

<strong>the</strong> comb<strong>in</strong>ed <strong>in</strong>come, compared with a person, when <strong>the</strong>ir attributes are evaluated by<br />

"Geiser, (2010)” <strong>in</strong> Status Syndrome: How social stand<strong>in</strong>g affects our health and<br />

longevity.<br />

Henstra (2010) Socio-Economics means <strong>the</strong> study <strong>of</strong> society, or more concisely or more<br />

narrowly that it is study or practice <strong>of</strong> different behavioral <strong>in</strong>teractions <strong>of</strong> <strong>in</strong>dividuals<br />

and groups through social capital and social markets. There are different factors which<br />

are considered as <strong>the</strong> basic unites <strong>of</strong> life. NGO`s also play vital <strong>role</strong> <strong>in</strong> uplift<strong>in</strong>g <strong>the</strong><br />

<strong>socio</strong><strong>economic</strong> condition <strong>of</strong> a society by help<strong>in</strong>g <strong>the</strong>m rehabilitat<strong>in</strong>g <strong>the</strong>m through<br />

fulfill<strong>in</strong>g <strong>the</strong>ir basic needs like shelter, food clo<strong>the</strong>s etc. As shelter is our basic need and<br />

it is impossible for human be<strong>in</strong>gs to survive without shelter. We need a place we can<br />

rest our body and m<strong>in</strong>d, which also protect us from different natural elements and<br />

provide security. While Maslow's hierarchy <strong>of</strong> needs <strong>the</strong>ory def<strong>in</strong>es hous<strong>in</strong>g as a basic<br />

human need which come under shelter that gives protection from <strong>the</strong> elements, security<br />

& stability. Food & shelter are our basic needs <strong>the</strong>y have to be met <strong>in</strong> order to survive.<br />

Maslow fur<strong>the</strong>r elaborated that such needs must be met <strong>in</strong> order apprehended by Ibem<br />

(2011), Food & water are what we need to keep us alive, and should be our top concerns<br />

when try<strong>in</strong>g to build a susta<strong>in</strong>able community. If <strong>the</strong>se requirements are fulfilled to go<br />

to o<strong>the</strong>r needs that is fabrics and health. This is an important issue, as humans need to<br />

COPY RIGHT © 2012 Institute <strong>of</strong> Interdiscipl<strong>in</strong>ary Bus<strong>in</strong>ess Research 543

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