360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks

Caribbean countries, a set of mostly Small Island Developing States (SIDS), have a history of dealing with large shocks. The region is threatened by both economic and natural hazards. Nations have specialized in tourism and commodity exports, disproportionately exposing them to global economic cycle...

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Main Authors:	Rozenberg, Julie, Browne, Nyanya, De Vries Robbé, Sophie, Kappes, Melanie, Lee, Woori, Prasad, Abha
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	DAMAGE AND LOSS ASSESSMENT NATURAL HAZARD ENVIRONMENTAL SHOCK CLIMATE CHANGE NATURAL DISASTER RISK CLIMATE CHANGE IMPACT CLIMATE RESILIENCE DISASTER MANAGEMENT GOVERNMENT EFFICIENCY SEA LEVEL RISE INFRASTRUCTURE VULNERABILITY FISCAL CAPACITY HUMAN CAPITAL INCLUSIVE GROWTH RESILIENT INFRASTRUCTURE HEALTH SYSTEM EDUCATION SYSTEM DISASTER RISK FINANCE
Online Access:	http://documents.worldbank.org/curated/undefined/455831635274611545/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks http://hdl.handle.net/10986/36405

id	okr-10986-36405
recordtype	oai_dc
spelling	okr-10986-364052021-10-30T09:21:58Z 360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks Rozenberg, Julie Browne, Nyanya De Vries Robbé, Sophie Kappes, Melanie Lee, Woori Prasad, Abha DAMAGE AND LOSS ASSESSMENT NATURAL HAZARD ENVIRONMENTAL SHOCK CLIMATE CHANGE NATURAL DISASTER RISK CLIMATE CHANGE IMPACT CLIMATE RESILIENCE DISASTER MANAGEMENT GOVERNMENT EFFICIENCY SEA LEVEL RISE INFRASTRUCTURE VULNERABILITY FISCAL CAPACITY HUMAN CAPITAL INCLUSIVE GROWTH RESILIENT INFRASTRUCTURE HEALTH SYSTEM EDUCATION SYSTEM DISASTER RISK FINANCE Caribbean countries, a set of mostly Small Island Developing States (SIDS), have a history of dealing with large shocks. The region is threatened by both economic and natural hazards. Nations have specialized in tourism and commodity exports, disproportionately exposing them to global economic cycles through changes in tourism demand and commodity prices. They are also located in a region that is highly exposed to a range of natural hazards, from volcanic eruptions to earthquakes and hurricanes, which damage their infrastructure stock, reduce tourism demand, and destroy agricultural production. Hazards have often caused severe damage to economies and livelihoods in the region. This report reviews existing assessments of past losses from natural and economic shocks in the Caribbean, looking at impacts on physical capital, private sector activity (especially tourism and agriculture), economic growth, poverty, and well-being. It concludes that, despite the damage to physical capital experienced by countries due to natural hazards (especially in housing and transport infrastructure), the impacts on growth are short-lived, possibly because many mechanisms are in place to help economies bounce back rapidly. However, natural hazards have a high impact on poverty and human capital and threaten the sustainability of economic growth. 2021-10-27T14:39:24Z 2021-10-27T14:39:24Z 2021-10-27 Report http://documents.worldbank.org/curated/undefined/455831635274611545/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks http://hdl.handle.net/10986/36405 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Risk and Vulnerability Assessment Latin America & Caribbean Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DAMAGE AND LOSS ASSESSMENT NATURAL HAZARD ENVIRONMENTAL SHOCK CLIMATE CHANGE NATURAL DISASTER RISK CLIMATE CHANGE IMPACT CLIMATE RESILIENCE DISASTER MANAGEMENT GOVERNMENT EFFICIENCY SEA LEVEL RISE INFRASTRUCTURE VULNERABILITY FISCAL CAPACITY HUMAN CAPITAL INCLUSIVE GROWTH RESILIENT INFRASTRUCTURE HEALTH SYSTEM EDUCATION SYSTEM DISASTER RISK FINANCE
spellingShingle	DAMAGE AND LOSS ASSESSMENT NATURAL HAZARD ENVIRONMENTAL SHOCK CLIMATE CHANGE NATURAL DISASTER RISK CLIMATE CHANGE IMPACT CLIMATE RESILIENCE DISASTER MANAGEMENT GOVERNMENT EFFICIENCY SEA LEVEL RISE INFRASTRUCTURE VULNERABILITY FISCAL CAPACITY HUMAN CAPITAL INCLUSIVE GROWTH RESILIENT INFRASTRUCTURE HEALTH SYSTEM EDUCATION SYSTEM DISASTER RISK FINANCE Rozenberg, Julie Browne, Nyanya De Vries Robbé, Sophie Kappes, Melanie Lee, Woori Prasad, Abha 360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
geographic_facet	Latin America & Caribbean Caribbean
description	Caribbean countries, a set of mostly Small Island Developing States (SIDS), have a history of dealing with large shocks. The region is threatened by both economic and natural hazards. Nations have specialized in tourism and commodity exports, disproportionately exposing them to global economic cycles through changes in tourism demand and commodity prices. They are also located in a region that is highly exposed to a range of natural hazards, from volcanic eruptions to earthquakes and hurricanes, which damage their infrastructure stock, reduce tourism demand, and destroy agricultural production. Hazards have often caused severe damage to economies and livelihoods in the region. This report reviews existing assessments of past losses from natural and economic shocks in the Caribbean, looking at impacts on physical capital, private sector activity (especially tourism and agriculture), economic growth, poverty, and well-being. It concludes that, despite the damage to physical capital experienced by countries due to natural hazards (especially in housing and transport infrastructure), the impacts on growth are short-lived, possibly because many mechanisms are in place to help economies bounce back rapidly. However, natural hazards have a high impact on poverty and human capital and threaten the sustainability of economic growth.
format	Report
author	Rozenberg, Julie Browne, Nyanya De Vries Robbé, Sophie Kappes, Melanie Lee, Woori Prasad, Abha
author_facet	Rozenberg, Julie Browne, Nyanya De Vries Robbé, Sophie Kappes, Melanie Lee, Woori Prasad, Abha
author_sort	Rozenberg, Julie
title	360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
title_short	360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
title_full	360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
title_fullStr	360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
title_full_unstemmed	360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
title_sort	360° resilience : a guide to prepare the caribbean for a new generation of shocks
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/455831635274611545/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks http://hdl.handle.net/10986/36405
_version_	1764485177323552768

360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks

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