How does a country’s level of economic development affect its ability to defend against flooding?

Many Less Economically Developed Countries (LEDCs), such as Bangladesh, are at risk of flooding from rivers. Whilst most MEDCs have the resources to protect their people from flooding and take care of victims of flooding, many LEDCs do not. Now, with increased likelihood of flooding in the future, many countries do not have the defences they need:

http://news.bbc.co.uk/1/hi/sci/tech/7663716.stm

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