Carolina Journal Radio

Markets can play key role in preparing for emergencies

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From Carolina Journal Radio Program No. 734: The threat of natural disasters often prompts calls for government action. People often pay less attention to market forces that help communities prepare for disasters and other emergencies. But Ben Foster, Ph.D. student in environmental sciences and engineering at UNC-Chapel Hill, has researched the role of market forces in addressing problems linked to a 2012 drought and the Mississippi River. Foster shares key findings from his research and discusses their application to other emergencies.