Managing Disaster Risk in Emerging EconomiesAlcira Kreimer, Margaret Arnold World Bank Publications, 2000 M01 1 - 193 pages ..".Disaster losses include not only the shocking direct impacts that we see on the news, such as the loss of life, housing, and infrastructure, but also indirect impacts such as the foregone production of goods and services caused by interruptions in utility services, transport, labor supplies, suppliers, or markets." Although natural disasters have long been considered a tragic interruption to the development process, the development community now links disasters to development. An earthquake in San Fernando, California may suffer the equal amount of direct economic loss as an earthquake in Venezuela. The disasters differ in the recovery time and loss of life experienced by each country. In the end, the recovery factors become an issue of basic development. It is doing development right and making sure that human activities contribute to reducing disasters rather than exacerbating them. 'Managing Disaster Risk in Emerging Economies' is organized into three parts. Part I on risk identification contains chapters on the economic impacts of natural disasters in developing countries, including flooding. It includes Buenos Aires as an example. It also presents time scales of climate and disaster. The second part explores aspects of reducing disaster risk. Part III examines strategies for developing countries to share and transfer disaster risk more effectively. This volume will be of interest to academics, the private sector, government and international agencies, nongovernmental organizations, and Bank staff. |
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activities adaptation analysis assessment assets Buenos Aires buffer stocks building codes Caribbean CAT bonds catastrophe bonds catastrophe risk City of Buenos climate change construction corrective justice costs covariate risks credit markets cultural heritage damage developing countries developing world disaster mitigation disaster relief disaster risk DMRS drought earthquake economic effects example federal flood floodplain funds housing Hurricane hypernorms impact important incentives income increased informal insurance infrastructure institutions ISCT issues land loans losses mechanisms ment microcredit microfinance mitigation investment mitigation measures moral hazard municipalities natural catastrophes natural disasters natural hazards nomic norms percent planning poor households potential poverty premium problems production programs projects property insurance Provention Consortium reduce regional reinsurance Research risk management risk pool risk reduction risk transfer river role rural saster sector shocks social strategy structure tion United urban variability vulnerability water treatment plant World Bank
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Page viii - UNCTAD United Nations Conference on Trade and Development UNDP United Nations Development Programme UNEP United Nations Environment Programme UNESCO United Nations Educational, Scientific and Cultural Organization...
Page 1 - What is it that distinguishes the thousands of years of history from what we think of as modern times? . . . the revolutionary idea that defines the boundary between modern times and the past is the mastery of risk; the notion that the future is more than a whim of the gods and that men and women are not passive before nature.
Page 156 - I think the economic logic behind dumping a load of toxic waste in the lowest-wage country is impeccable and we should face up to that.
Page 57 - The evidence in this Report suggests that rapid and politically sustainable progress on poverty has been achieved by pursuing a strategy that has two equally important elements. The first element is to promote the productive use of the poor's most abundant asset— labor. It calls for policies that harness market incentives, social and political institutions, infrastructure, and technology to that end. The second is to provide basic social services to the poor. Primary health care, family planning,...
Page 182 - If homeowners are reluctant to incur the upfront cost of mitigation due to budget constraints, then one way to make this measure financially attractive to the property owner is for the bank to provide funds for mitigation through a home improvement loan with a payback period identical to the life of the mortgage. For example, a 20year loan for $1,500 at an annual interest rate of 10% would result in payments of $145 per year. If the annual...
Page 182 - Cohen and Noll (1981) provide an additional rationale for building codes. When a building collapses it may create externalities in the form of economic dislocations and other social costs that are beyond the economic loss suffered by the owners. These may not be taken into account when the owners evaluate the importance of adopting a specific mitigation measure. For example, if a building topples off its foundation after an earthquake, it could break a pipeline and cause a major fire that would damage...
Page 182 - The success of such a program requires the support of the building industry and a cadre of qualified inspectors to provide accurate information as to whether existing codes and standards are being met. Insurers may want to limit coverage only to those structures that are given a certificate of disaster resistance.
Page 181 - Building Codes Building codes mandate that property owners adopt mitigation measures. Such codes may be desirable when property owners would otherwise not adopt cost-effective RMMs because they either misperceive the benefits from adopting the RMM and/or underestimate the probability of a disaster occurring.
Page 182 - ... (Kunreuther 1997). Many poorly constructed homes are owned by low-income families who cannot afford the costs of mitigation measures on their existing structure nor the costs of reconstruction should their house suffer damage from a natural disaster.
Page 135 - Lack of strong national and local institutional structures (organizational vulnerability) • Lack of access to information and knowledge (educational vulnerability) • Lack of public awareness (attitudinal and motivational vulnerability) • Limited access to political power and representation (political vulnerability) • Certain beliefs and customs (cultural vulnerability) • Weak buildings or weak individuals (physical vulnerability...
References to this book
Macroeconomic Risk Management Against Natural Disasters: Analysis Focussed ... Stefan Hochrainer No preview available - 2006 |