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Dull Disasters?: How planning ahead will make a difference

Daniel J. Clarke and Stefan Dercon

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 fast ... More

Keywords: natural disaster, extreme event, pandemic, disaster risk finance, time inconsistency, commitment device, planning, behavioural psychology, politics of disaster relief

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198785576
Published to Oxford Scholarship Online: June 2016 DOI:10.1093/acprof:oso/9780198785576.001.0001

Authors

Affiliations are at time of print publication.

Daniel J. Clarke, author
Senior Insurance Specialist, World Bank Group-GFDRR Disaster Risk Financing and Insurance Program

Stefan Dercon, author
Professor of Economic Policy, University of Oxford, and Chief Economist of the UK Department for International Development