Friday, November 23, 2012

National risk management and resilience

Erwann Michel-Kerjan proposed to develop nation-wide risk management strategies to make nations truly resilient to extreme events such as superstorm Sandy (Nature).  He reckons governments should be able to answer five questions: What risks do we face and where? What assets and populations are exposed and to what degree? How vulnerable are they? What financial burden do these risks place on individuals, businesses and the government budget? How best can we invest to reduce risks and strengthen economic and social resilience?

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