Global risk analysis Essay

This piece aims to review the publication of the World Bank Risk Management on the inhering tragedy hotspots. Specifically, this allow is entitled Natural Disaster Hotspots A Global Risk compendium. In addition, this book was published in 1995 in order to address increasing happen brought by the subjective happenings all over the world. As a result, this book gave light to the mapping of graphic disasters in signifi seattly shaping the lives of all(prenominal) quite a little as head as its economy and its community. And so, a review in this book will yield great results to the readers of this paper.A Global Risk Analysis on Natural Disasters Natural disasters are described as any terrible in timet, not caused by human activity, which results in deaths, injuries or even injure to property. (Forces of Nature, 2007) As it name implies one cannot avoid the detail of inherent catastrophes since they are not man-made activities. In other words, human activities cannot ste p in with the occurrence of inbred phenomenon. More importantly, their occurrence usually causes great damage on the lives and community of people.And as a matter of occurrence, it disrupts the everyday stick show up of lives of human beings. In the book, the authors lay down presented the great luck faced by people with the occurrence of the subjective catastrophes. More specifically, the study reveals that 3. 4 one million million million people, to a greater extent than half or the worlds community, live in bowls where at least one hazard could significantly impact them. excursion from this finding, other important findings in the book are as follows (Uku and Tobin, 2005) about 20 percent of the Earths land surface is overt to at least one of the rude(a) hazards evaluated 160 countries suck up to a greater extent than one quarter of their population in areas of high mortality take a chance from one or much hazards More than 90 countries have more than 10 percent of their population in areas of high mortality risk from two or more hazards In 35 countries, more than 1 in 20 residents lives at relatively high mortality risk from 3 or more hazards More than one-third of the United States population lives in hazard-prone areas, but only one percent of its land area ranks in the highest disaster-related mortality risk category Taiwan may be the place on Earth most vulner fit to indwelling hazards, with 73 percent of its land and population exposed to three or more hazards More than 90 percent of the populations of Bangladesh, Nepal, the Dominican Republic, Burundi, Haiti, Taiwan, Malawi, El Salvador, and Honduras live in areas at high relative risk of death from two or more hazards and Poorer countries in the development world are more apt(predicate) to have difficulty absorbing repeated disaster-related outletes and costs associated with disaster relief, recovery, rehabilitation and reconstruction.Indeed, innate(p) hazards such as eart hquakes, volcanoes, cyclones, droughts, landslides and floods cause tens and thousands of deaths as well as hundreds of thousands of injuries. Aside from deaths and injuries, natural hazards also cause economical losses around the world each year. As such, billions of dollars are expended also every year in the aspect of humanitarian assistance, emergency loans and maturation aids. (Dilley et. al. , 2005) And so, the aboriginal findings of the book imply that in almost all parts of the world, people are faced with great risks from natural hazards.As a result, the occurrence of these natural phenomena disrupts the regular conduct of personal and business activities of people and organization. This disruption, in turn, results to the overall socio-economic exploitation of a nation. And in the case of the developing world, development will even become more elusive. With the annual occurrence of natural disasters, it is the poor nations that are greatly affected, such that they beco me poorer and poorer with every alternate(prenominal) happening of natural phenomena.Despite the large losses of people and bullion from natural disasters, organizations especially governments are unable to address effectively the reparation brought about by natural disasters. This claim has been evident on the recoded loss of human lives as well as properties annually due to natural catastrophes. For instance, the tsunami incident that happened in Thailand last December 26, 2004 had killed 229,866 people. Also, the international community has donated an estimated US $7 billion for humanitarian aid to all the victims of the tsunami incident.And so, the reluctance on the part of the government and the people can be traced on the fact that natural disasters are unavoidable phenomena. What they can only do is to screw this phenomenon and hope for the minimal damage it brings. This kind of thinking has been the target of the book. It aims to bestow the message that in spite of the potential threats brought about by natural disasters, the people and the government can coordinate in order to have a successful encounter with these phenomena.Furthermore, the book emphasizes more on the development issues rather than the typical issues on humanitarian aspect. It also identifies the regions which are super at risk with natural hazards. In this way, development efforts can be better informed and designed to reduce disaster-related losses in the future. Because of the natural hazard cycles repeating themselves every few years, developing countries find themselves in a vicious cycle of loss and recovery without the ability to go on forward and achieve sustainable development.As such, there is a deal for the highly affected nations such as the developing world to join with the international community in devising ways to manage disaster risk rather than merely giving humanitarian aids. It is through and through disaster risk management that the international communi ty can truly wait on the developing nations. As mentioned earlier, the occurrence of natural catastrophes cannot be avoided. And so, it is best to have an effective risk management program on disasters than forever be included in the vicious cycle of damage and revitalization.By stepping out of the vicious cycle, one is removed from the path of continuous loss and recovery, hence achieving development. Based on the book, risk management on disasters is effectively through with(p) by primarily focusing on the two disaster-related outcomes- the mortality and economic losses. The risk level was then estimated by combining the hazard delineation with historical vulnerability for two indicators of elements at risk- gridded population and gross domesticated product (GDP) per unit area- for six major natural hazards earthquakes, volcanoes, landslides, floods, drought and cyclones.The natural disasters were classified in three categories- geophysical, hydro and drought. The geophysical includes the volcanoes, earthquakes and landslides. On the hydro, it consists of the floods and hurricanes. And so, by sharp the relative risks for grid cells rather than for countries as a whole, the authors are able to estimate risk levels at sub-national scales. (Dilley et. al. , 2005) Conclusion Overall, the book served as a catalyst in enlightening individuals as well as organizations twain in the public and private realm about the impact of natural disasters and how they will be able to address this phenomenon.Undoubtedly, the book has shed several(prenominal) light into the ways of escaping the vicious cycle of loss and recovery, which is brought about by the annual occurrence of natural disasters. This is especially true in the linguistic context of the developing world wherein development becomes elusive once countries have entered the natural hazard cycle. And so, in order not to aggravate poverty, countries especially the developing ones must properly manage natural hazards. The occurrence of natural disasters can be addressed by the international community not through humanitarian aid but by development programs in the context of risk management on disasters.REFERENCES Dilley, M. , Chen, R. , Deichmann, U. , Lerner-Lam, A. and Arnold M. (2005, April). Natural disaster hotspots A planetary risk analysis. World Bank disaster risk management serial publication no. 5. Forces of Nature. Glossary. Retrieved June 26, 2007 from, http//library. thinkquest. org/C003603/english/glossary. shtml. Uku, R. and Tobin, M. (2005, March 31). Natural disaster hotspots A orbiculate risk analysis- Columbia University and the World Bank produce new report. EurekAlert.