Saya punya quiz:  Mengapa tsunami tidak menghempas
pantai selatan Jawa atau Pulau Christmas yang masih
berdekatan?  Dari segi geofisika, barangkali bisa
diterangkan oleh RDP yang memang ahlinya.  Yang ahli
perklenikan juga monggo.

Yang jelas, marilah kita berharap hendaknya musibah
ini membawa berkah.  Berkah ini sudah terjadi di
Srilanka.  Seperti kita tahu, wilayah utara dan timur
adalah basis LTTE dan sekarang gerilyawan LTTE dan
tentara Srilanka bahu membahu mengatur pertolongan.
Yang begini ini, saya belum dengar apakah sudah
terjadi di Aceh.

Berkah kedua, dunia sudah dipersatukan oleh bencana
ini, bahkan negara-negara besar sudah mengisyaratkan
akan memangkas hutang negara-negara yang terkena. 
Kalau itu jadi kenyataan, kita akan berterima kasih.
Soal berterima kasih, orang Asia tidak perlu
diingatkan lagi karena mereka/kita adalah orang-orang
yang cukup berperadaban.  Sudah barang tentu, kitapun
hendaknya mengubah perilaku kita yang sering lebih
boros dari penduduk negara-negara kaya.  Kalau itu
yang terjadi, jangan-jangan mereka mengubah niat.

Salam,
RM

-----------------------------   

The New York Times
January 7, 2005
OP-ED CONTRIBUTOR 
Waves of Change
By DAVID HALE 
 
Chicago

CIVILIZATION exists by geologic consent, subject to
change without notice," wrote the historian Will
Durant. The tsunami that struck Asia last month,
caused by an earthquake off the coast of Indonesia, is
a reminder of the validity of Durant's thesis; so far
it has left some 140,000 people dead.

Throughout human history, earthquakes have set in
motion great economic changes and political
revolutions. Last month's tsunami was devastating in
its toll on human life, but its economic and political
effects may be more modest. 

The San Francisco earthquake in 1906 was an important
catalyst for the financial shocks that led to the
creation of the Federal Reserve in 1913. Because
British insurance companies underwrote the majority of
the city's insurance policies, millions of pounds of
insurance claims were soon presented in London. The
insurance claims generated a huge outflow of gold from
London, which forced the Bank of England to nearly
double British interest rates and to lobby British
banks to stop buying American debt. Higher interest
rates played a role in creating a financial panic in
America, and Congress was so alarmed that it
established a commission to investigate whether the
government should play a greater role managing the
money supply. The result of the commission's work was
the creation of the Federal Reserve Bank. 

Most of the businesses and people affected by last
month's tsunami are relatively poor, and few had
insurance. As a result, estimates of the insurance
cost of the disaster are about $10 billion. The losses
to the various national economies may also not exceed
$10 billion.

Aceh, the Indonesian province where up to 100,000
people may have been killed, accounts for only about 2
percent of the country's gross domestic product.
Thailand's southern provinces, which were overrun by
the tsunami, contribute only about 2 percent of the
country's G.D.P. 

Sri Lanka, however, suffered extensive damage to its
tourism, fishing and agricultural sectors. Tourism is
a major industry there, directly or indirectly
accounting for nearly 11 percent of gross domestic
product, and the devastation in southern Sri Lanka
could reduce G.D.P. by 2 percent to 3 percent this
year. The regional impact will be modest, though,
because Sri Lanka's economy is only about $74 billion
compared with $478 billion for Thailand and $759
billion for Indonesia. 

Thailand and Indonesia could suffer greater economic
losses if their tourism industries decline; tourism is
12 percent of Thailand's economy and 10 percent of
Indonesia's. But as the terrorist attack in Bali in
2002 and the SARS epidemic in 2003 demonstrated, shock
events do not usually affect tourism for longer than a
few months if people perceive that danger has passed.
In fact, Thai hotel stocks declined on the day after
the tsunami but have since recovered. 

Earthquakes have also generated great political
shocks. An earthquake in November 1755 destroyed
Lisbon and killed at least 60,000 people. It also
encouraged Portugal's foreign minister, Sebastião de
Carvalho, to usurp power from the king and launch a
campaign against the Roman Catholic Church. Carvalho
effectively reigned over Portugal until 1777. 

In 1972, an earthquake in Nicaragua helped to nurture
an incipient revolution against the ruling Somoza
family. Outraged at the government's response to the
catastrophe, many Nicaraguans in Managua turned to the
Sandinistas, who ousted the Somozas in 1979. 

Last month's earthquake could have important political
implications because it struck regions in Indonesia
and Sri Lanka that are home to domestic insurgent
groups. Separatists in Aceh and Tamils in Sri Lanka
have been challenging their governments for more than
20 years. The Indonesian government was initially slow
to deploy aid, and many soldiers ran from the scene of
the disaster, which could affect the standing of the
new president, Susilo Bambang Yudhoyono, who had been
promising to improve government efficiency. The Sri
Lankan government, meanwhile, has allowed
international aid agencies to coordinate relief with
the Tamil separatists. 

There is precedent for an earthquake encouraging
political reconciliation. In 1999, earthquakes struck
Turkey and Greece just a month apart and fostered
cooperation between the two nations. The Turkish quake
devastated an industrial city and killed more than
15,000 people; the Greeks sent relief and received
positive news media coverage in Turkey. When a milder
earthquake struck Greece a month later, Turkey
reciprocated by sending aid. 

The great risk in Aceh today is mismanagement of the
reconstruction process. The Indonesian military has
ruled the province since the fall of President Suharto
in 1998 and has excluded foreign journalists. Since
the earthquake, however, the province has been overrun
with the global press and inundated with international
relief agencies. When more foreign aid arrives, the
Indonesian military could try to steal it. The
presence of the United Nations could also encourage
the Aceh separatists to demand more democracy in the
province and even a referendum on independence. It
would be a shame if the tsunami destabilized the
administration of President Yudhoyono only a few
months after he assumed office as a result of the
country's first democratic presidential election. 

The American press has been full of stories about how
American aid for the earthquake and tsunami victims
could help to improve American relations with the
region. Public and private donations to the region
from the United States could exceed $600 million.
There is little doubt that the United States is
playing a leadership role along with Japan, which has
pledged $500 million, and the European Union, which
has pledged $580 million. The new rising power in the
region, China, is offering only $63 million.

What is unclear is whether Asians will regard the
American aid as a truly transforming event or as a
temporary burst of generosity from an aggressive
superpower. Much may depend upon the follow-through.
There is talk in Washington of capitalizing on the
disaster by intensifying efforts to obtain a free
trade agreement with Thailand and revive moribund
talks about such an agreement with Sri Lanka. These
developments could have a more lasting impact than the
aid itself.

IN the 19th century, Indonesia was the site of two
great volcanic eruptions whose impact was felt
worldwide. The eruption at Tambora in 1815 killed at
least 50,000 and spewed so much ash into the
atmosphere that it produced a global cooling that
caused frosts in New England in the summer of 1816.
The eruption at Krakatoa in 1883 wiped out more than
160 villages and killed at least 36,000 people. The
explosion was so loud it was heard in Perth,
Australia, thousands of miles away.

The most enduring legacy of last month's tsunami may
be the role of technology in providing relief. Because
of the Internet, thousands of people were able to wire
money to charities and aid agencies immediately. Ten
years ago, it would have taken several days or weeks
for checks to come in the mail. The prompt response
shows that globalization can be a force for good. The
challenge will be to ensure that the world remains
focused on the recovery after the tragedy fades from
the headlines. 


David Hale, an economist and financial adviser, is
chairman of China Online, a business news site.



The New York Times 


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