In the last days of August 2005, a massive tropical storm—Hurricane Katrina— ravaged the southeast of the United States; the city of New Orleans, home of nearly half a million people, according the 2000 census,1 was almost entirely flooded. After the chaos subsided, the damage assessment was dire: The death toll reached 1,4642 and the economic losses were estimated at over 200 billion US$ (King 2005).
KeywordsSocial Capital Human Development United Nations Development Programme Capability Approach Exogenous Shock
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