The Challenges and Importance of Investing in Cost Effective Measures for Reducing Losses From Natural Disasters in Emerging Economies
Authors: Hochrainer S, Kull D, Linnerooth-Bayer J, Mechler R
Publication Year: 2009
Reference: Final Report to Sponsor: The World Bank, Washington, DC, USA (2 July 2009)
IIASA Contract No. 09-108; Study carried out by IIASA, Risk Management Solutions (RMS), and the Wharton Risk Center
Abstract
The World Conference on Disaster Reduction convened by United Nationals General Assembly, from January 18-22, 2005 and the resulting Hyogo Framework for Action underscored the need for, and identified ways of, building the resilience of nations and communities to disasters. Despite increasing concern about natural disasters among the international community and a somewhat decreasing trend in the number of victims, extreme events continue to kill thousands of people and have caused severe economic disruption, notably in the developing world.