Higher Losses and Slower Development in the Absence of Disaster Risk Management Investments

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dc.creatorBangalore, Mook
dc.creatorHallegatte, Stephane
dc.creatorJouanjean, Marie-Agnes
dc.date2016-05-04T15:58:26Z
dc.date2016-05-04T15:58:26Z
dc.date2016-04
dc.date.accessioned2026-07-01T00:45:03Z
dc.descriptionGlobal economic losses from natural disasters continue to increase. Yet, investments in disaster risk management are not universal, as they are traditionally seen as in competition with other development and economic priorities. The multitude of benefits from disaster risk management investments are not traditionally accounted for in cost-benefit analyses. This paper contributes to this discussion by highlighting the multiple benefits from disaster risk management investments, focusing on the avoided losses when a disaster occurs, but also on the impacts on economic development even before a disaster strikes. The paper's main message is that disaster risk management investments can provide two dividends: reduced losses when a disaster strikes, and a shift of investment strategies and perhaps even an increase in investment value that would benefit the economy even before a disaster strikes. Providing evidence to policy makers and investors about the existence of both types of dividends can provide a narrative reconciling short-term and long-term objectives, thereby improving the acceptability and feasibility of disaster risk management investments.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2016/04/26213104/higher-losses-slower-development-absence-disaster-risk-management-investments
dc.identifierhttps://hdl.handle.net/10986/24205
dc.identifier10.1596/1813-9450-7632
dc.identifier.urihttp://hdl.handle.net/123456789/410395
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 7632
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectFLOODING
dc.subjectRISKS
dc.subjectCATASTROPHIC LOSSES
dc.subjectECONOMIC GROWTH
dc.subjectSTORM
dc.subjectPRODUCTION
dc.subjectEARLY WARNING
dc.subjectRISK REDUCTION
dc.subjectVALUATION
dc.subjectWIND SPEED
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectSUSTAINABILITY
dc.subjectSTORMS
dc.subjectINFORMATION
dc.subjectEXPORTS
dc.subjectNATURAL CATASTROPHES
dc.subjectHEALTH CARE
dc.subjectWELFARE
dc.subjectINCENTIVES
dc.subjectFLOOD PROTECTION
dc.subjectDISASTER
dc.subjectDAMAGES
dc.subjectINPUTS
dc.subjectPAYMENTS
dc.subjectWEALTH
dc.subjectSOCIAL ASSISTANCE
dc.subjectSAVING
dc.subjectRISK AVERSE
dc.subjectINFLATION
dc.subjectEVACUEES
dc.subjectEARTHQUAKES
dc.subjectEXTREME WEATHER
dc.subjectHURRICANES
dc.subjectCATASTROPHES
dc.subjectAGRICULTURAL PRACTICES
dc.subjectDEVELOPMENT
dc.subjectPER CAPITA INCOMES
dc.subjectINFLUENCE
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectSAVINGS
dc.subjectDISASTER-PRONE COUNTRIES
dc.subjectTSUNAMI
dc.subjectCOSTS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectNATURAL DISASTER
dc.subjectMORAL HAZARD
dc.subjectFLOODS
dc.subjectEARLY WARNING SYSTEM
dc.subjectPRODUCTIVITY
dc.subjectINTEREST RATES
dc.subjectEXTERNALITIES
dc.subjectNATURAL HAZARD
dc.subjectFAILURES
dc.subjectNATURAL DISASTERS
dc.subjectDEBT
dc.subjectMARKETS
dc.subjectLAHARS
dc.subjectRATES
dc.subjectDISASTERS
dc.subjectDIVIDENDS
dc.subjectFARMERS
dc.subjectFAMINE
dc.subjectINVENTORIES
dc.subjectUTILITY
dc.subjectLIGHTING
dc.subjectINVENTORY
dc.subjectFOOD AID
dc.subjectWEALTH CREATION
dc.subjectPREVENTIVE ACTION
dc.subjectFLOOD INSURANCE
dc.subjectUNEMPLOYMENT
dc.subjectTECHNOLOGY
dc.subjectREINSURANCE
dc.subjectEXTERNALITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectDROUGHTS
dc.subjectCONSUMPTION
dc.subjectECONOMIC PRIORITIES
dc.subjectHUMAN CAPITAL
dc.subjectTROPICAL CYCLONE
dc.subjectEMERGENCY
dc.subjectEARTHQUAKE
dc.subjectDISASTER REDUCTION
dc.subjectCAPITAL
dc.subjectDISASTER RISK
dc.subjectCLIMATE CHANGE
dc.subjectDROUGHT
dc.subjectINTERNATIONAL TRADE
dc.subjectVALUE
dc.subjectECONOMIC VALUE
dc.subjectCOMPETITIVENESS
dc.subjectLOSSES
dc.subjectBANK
dc.subjectEXTREME EVENTS
dc.subjectMACROECONOMICS
dc.subjectPATENTS
dc.subjectDEMAND
dc.subjectMICROINSURANCE
dc.subjectUTILITY FUNCTION
dc.subjectRISK EXPOSURE
dc.subjectPRODUCTIVE ASSETS
dc.subjectECONOMY
dc.subjectCONSUMERS
dc.subjectAGRICULTURE
dc.subjectDAMAGE
dc.subjectIMPACT OF DISASTERS
dc.subjectDISASTER INSURANCE
dc.subjectWEATHER DISASTERS
dc.subjectOPPORTUNITY COSTS
dc.subjectASSETS
dc.subjectDISASTER MANAGEMENT
dc.subjectWARNING SYSTEM
dc.subjectEXPLOSION
dc.subjectFLOOD
dc.subjectECONOMIC SITUATION
dc.subjectREGULATION
dc.subjectECONOMICS
dc.subjectRECIPROCITY
dc.subjectECONOMIC SYSTEMS
dc.subjectINSURANCE
dc.subjectSLUMS
dc.subjectLOSS
dc.subjectTRADE
dc.subjectECONOMIC INTEGRATION
dc.subjectGDP
dc.subjectGOODS
dc.subjectTHEORY
dc.subjectGROWTH RATE
dc.subjectWAR
dc.subjectHURRICANE
dc.subjectINVESTMENT
dc.subjectNATIONAL EMERGENCY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectRISK
dc.subjectUNINSURED LOSSES
dc.subjectMITIGATION
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectTROPICAL CYCLONES
dc.subjectFATALITIES
dc.subjectRISK TAKING
dc.subjectDISASTER RISK REDUCTION
dc.subjectRISK MANAGEMENT
dc.subjectUNDERESTIMATES
dc.subjectFINANCIAL RISK
dc.subjectEXTREME WEATHER EVENTS
dc.subjectINSURANCE COMPANIES
dc.subjectRISK AVERSION
dc.subjectEVACUATION
dc.subjectWEATHER EVENTS
dc.subjectTECHNOLOGIES
dc.subjectOUTCOMES
dc.subjectMARGINAL UTILITY
dc.subjectGROWTH POTENTIAL
dc.subjectNATURAL HAZARDS
dc.subjectRECONSTRUCTION
dc.subjectBENEFITS
dc.subjectRISK MITIGATION
dc.subjectRISK ANALYSIS
dc.subjectDEVELOPMENT POLICY
dc.titleHigher Losses and Slower Development in the Absence of Disaster Risk Management Investments
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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