ODI are delighted to host the World Bank for the UK launch of the 2014 World Development Report 2014:risk and opportunity: managing risk for
world has suffered a multitude of crises in recent years. Financial and
economic turmoil have disrupted the world economy through loss of income, jobs,
and social stability. Intense natural disasters have devastated communities
from Haiti to Japan. Concerns about global warming have grown, as have fears
about the spread of deadly contagious diseases. How can people, communities,
and countries become more resilient to such risks?
important are the missed development opportunities that arise when necessary
risks are not taken. Many people, and especially the poor, are often reluctant
to take the risks necessary to pursue opportunity because they fear the
negative consequences. Failure to act can trap people in poverty, leaving them
vulnerable to negative shocks and even less able to pursue opportunities that
could improve their well-being.
2014 argues that the inability to manage risk properly poses significant
obstacles to ending poverty and boosting shared prosperity. It shows that
effective risk management can be a powerful instrument for development by
saving lives, averting economic losses, unleashing opportunities, and helping
people build better, more secure futures.
2014 calls for individuals and institutions to move from being “crisis
fighters” to becoming “proactive and systematic risk managers.” It provides
abundant evidence that recognizing and preparing for risk pays off. Recognizing
that people face obstacles in managing risk, however, it argues that risk
management requires shared action and responsibility at diﬀerent levels of
society, from the household to the international community.
more information and to download the Report, please visit: http://www.worldbank.org/wdr2014
To attend in person or watch online click the 'register' tab above and sign up.
We look forward to welcoming you to ODI.