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VALUE AT RISK IN A VOLATILE CONTEXT OF NATURAL DISASTER RISK

A. I. Mondlane

First published: 2010DOI pendingView metrics

Abstract

For many years, natural disasters were perceived as unavoidable strokes of misfortune brought about by nature’s unpredictable forces. Taking into consideration the magnitude of the tsunami in Asia in 2004, the heavy floods in Mozambique in 2000, and Hurricane Mitch in Central America in 1998, we can see that developing countries are the most victims of such events, mostly due to their limited capacities and resources to mitigate disasters. On another hand is quite visible the efforts that are put on places both to reduce vulnerability of social and economic assets all over the world and high amounts of money invested in order to make the world more comfortable for everybody. Paradoxically, the development of world together with the increase of the world population has become one of the problems that create instability worldwide. The increase of greenhouse effect, climate change and megacities are the primarily indicators of such situation. Direct correlation exists between the increase of number of economic damages and human losses with the magnitude of natural disaster hazards. Many socio-economic assets and human lives are at risk as a direct result of volatile environment at which they are exposed. Societies that are unable to adequately protect themselves from natural hazards and their impacts are at particular risk. As a consequence of poverty, a surge in population growth, the overuse of natural resources, and shortfalls in institutional capacities, affected groups are frequently unable to prevent disasters. Moreover, global climate change is increasing the frequency and intensity of natural hazards, with catastrophic results. This paper stresses the correlation between the volatile environment and value (elements) at risk that influence the impact over social and economic assets worldwide.

Publication details

Title
VALUE AT RISK IN A VOLATILE CONTEXT OF NATURAL DISASTER RISK
Authors
A. I. Mondlane
Proceedings
10th International Multidisciplinary Scientific GeoConference SGEM2010
Publisher
SGEM Scientific GeoConference
Year
2010
Pages
309-318
SWS Citekey
Mondlane2010270
ISSN
Not available yet
ISBN
954-91818-1-2
Language
en
Publication type
Conference Paper
Keywords
Value at riskcorrelationhazardriskvolatility
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