Unlocking the 'Triple Dividend' of Resilience : Why Investing in Disaster Risk Management Pays Off
The risk of a disaster can cause economic losses even before a disaster strikes. Investing in disaster resilience, therefore, can yield a ‘triple dividend’ by (1) avoiding losses when disasters strike; (2) unlocking development potential by stimulating innovation and bolstering economic activi...
| Main Authors: | , |
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| Format: | Economic & Sector Work |
| Language: | en_US |
| Published: |
Overseas Development Institute, London, and World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/21612 |
| Summary: | The risk of a disaster can cause economic losses
even before a disaster strikes. Investing in
disaster resilience, therefore, can yield a ‘triple
dividend’ by (1) avoiding losses when disasters
strike; (2) unlocking development potential by
stimulating innovation and bolstering economic
activity in a context of reduced disaster-related
background risk for investment; and (3) through
the synergies of the social, environment
and economic co-benefits of disaster risk
management investments even if a disaster does
not happen for many years. |
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