The impact on the global financial market was rather muted as many damaged facilities were uninsured, thus minimizing the exposure of Western financial services companies and Asian countries to the destruction of the tsunami" (Athukorala & Resosudarmo, 2005) According to Monica Escaleras and Charles Register who compared economically rich and poor countries that experienced disasters, they discovered that "this is because countries with high-quality infrastructure are likely to suffer greater potential economic losses, even if they have relatively few fatalities. , when a disaster occurs than those who do not have well-developed infrastructure. Conversely, a country may lose many lives due to poor infrastructure, but suffer relatively little economic loss following an event” (Escaleras & Register, 2016). To summarize, poor countries without significant participation in the international trade disaster are limited to local destruction and will not have a significant effect on global financial markets. Important economic industries that survive a disaster will keep a country's GDP stabilized and the international financial market will do well if a lower percentage of insurance claims are paid.