The Geneva Papers on Risk and Insurance (2002) 27, 196–214. doi:10.1111/1468-0440.00164

Environmental Risk Management for Developing Countries

Paul K Freeman1 and Howard Kunreuther2

  1. 1Graduate School of International Studies of the University of Denver,
  2. 2Wharton School, University of Pennsylvania
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Abstract

Disaster losses in the developing world have increased substantially over the past decade and are likely to accelerate in future years. This paper proposes an environmental risk management program for developing countries that consists of six modules. The pre-disaster phase includes risk identification, risk mitigation, risk transfer, and preparedness; the post-disaster phase is devoted to emergency response and rehabilitation and reconstruction. We illustrate the elements of each of these phases with a set of examples and then show how they have been applied in three countries: Fiji, India,and Turkey. The paper concludes with a set of suggestions for future research.

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