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Complementing Natural Disasters Management : The Role of Social Protection

By Vakis, Renos

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Book Id: WPLBN0000064211
Format Type: PDF eBook
File Size: 0.4 MB
Reproduction Date: 2005
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Title: Complementing Natural Disasters Management : The Role of Social Protection  
Author: Vakis, Renos
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

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Vakis, R. (n.d.). Complementing Natural Disasters Management : The Role of Social Protection. Retrieved from http://members.worldlibrary.net/


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Economics

Excerpt
Natural disasters fit ?naturally? within the Social Risk Management (SRM) framework. The SRM framework explores how society manages risks, with the main idea being that all individuals, households and communities are exposed to multiple risks from different sources. Still, the poor are more vulnerable since they are typically more exposed to risks and have access to fewer risk management instruments that can permit them to deal with these risks. This exposure to risks and lack of addressing it has two important consequences: (i) the poor are severely affected when shocks do occur, accentuating their poverty; and (ii) the poor become more risk averse and unwilling (or unable) to engage in risky but higher return activities. As such, social risk management aims at providing instruments that allow the poor (but also the non?poor) to minimize the impact of exposure to risk and change their behavior in a way that helps them exit poverty and lower vulnerability (Holzmann, 2000 and 2001).

 

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