One country that would be smaller than England are the Maldives, since they are a serious of islands that are only roughly 300 square kilometers in area.
In Lima, the capital of Peru, the climate is very peculiar: it is subtropical desert, with a warm season from December to April and a cool, humid and cloudy season from June to October, with May and November as transitional months.
Because they have the most to lose, imagine it like you have 10 towers and all collapsed from a tsunami. And the village next to you also collapses. The ten towers lost way more money and people in it then the villages
In short answer, The developed country just simply has a lot more to lose then the lesser developed one.