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    Dull Disasters? How planning ahead will make a difference

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    Author(s)
    Clarke, Daniel J.
    Dercon, Stefan
    Language
    English
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    Abstract
    Economic losses from disasters are now reaching an average of US$250–$300 billion a year. In the last 20 years, more than 530,000 people died as a direct result of extreme weather events; millions more were seriously injured. Most of the deaths and serious injuries were in developing countries. Meanwhile, highly infectious diseases will continue to emerge or re-emerge, and natural hazards will not disappear. But these extreme events do not need to turn into large-scale disasters. Better and faster responses are possible. The authors contend that even though there is much generosity in the world to support the responses to and recovery from natural disasters, the current funding model, based on mobilizing financial resources after disasters take place, is flawed and makes responses late, fragmented, unreliable, and poorly targeted, while providing poor incentives for preparedness or risk reduction. The way forward centres around reforming the funding model for disasters, moving towards plans with simple rules for early action and that are locked in before disasters through credible funding strategies—all while resisting the allure of post-disaster discretionary funding and the threat it poses for those seeking to ensure that disasters have a less severe impact.
    URI
    http://library.oapen.org/handle/20.500.12657/32368
    Keywords
    extreme event; time inconsistency; natural disaster; disaster risk finance; pandemic; planning; behavioural psychology; commitment device; politics of disaster relief; Decision-making; Emergency management; Insurance; Reinsurance; Risk management
    DOI
    10.1093/acprof:oso/9780198785576.001.0001
    ISBN
    9780198785576
    OCN
    953456103
    Publisher
    Oxford University Press
    Publisher website
    https://global.oup.com/
    Publication date and place
    Oxford, UK, 2016
    Grantor
    • World Bank Group
    Classification
    Development studies
    Social impact of disasters / accidents (natural or man-made)
    Aid and relief programmes
    Economics
    Development economics and emerging economies
    Political economy
    Pages
    160
    Public remark
    Relevant Wikipedia pages: Decision-making - https://en.wikipedia.org/wiki/Decision-making; Emergency management - https://en.wikipedia.org/wiki/Emergency_management; Insurance - https://en.wikipedia.org/wiki/Insurance; Natural disaster - https://en.wikipedia.org/wiki/Natural_disaster; Reinsurance - https://en.wikipedia.org/wiki/Reinsurance; Risk management - https://en.wikipedia.org/wiki/Risk_management
    Rights
    https://creativecommons.org/licenses/by/3.0/
    • Imported or submitted locally

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    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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