Ok im kinda confused, for my volcano case studies im using montserrat and mt st helens
the total cost of the montserrat eruption in 1997 was estimated to be about 1billion pounds whereas the the total cost of the eruption of the mt st helens eruption in the 1980s was estimated to be 1.1billion US $, how come the cost of the montserrat eruption was higher? i thought the economic impact is often higher in MEDCs compared to LEDcs?
someone help me clarify this, thanks