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Density and Disasters : Economics of Urban Hazard Risk / Lall, Somik V.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Lall, Somik V.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Banks & Banking Reform.
- Economics.
- Environment.
- Environmental Economics & Policies.
- Externalities.
- Finance and Financial Sector Development.
- Hazard Risk Management.
- Housing.
- Housing prices.
- Insurance.
- Labor markets.
- Labor Policies.
- Land prices.
- Land use.
- Large cities.
- Migration.
- Productivity.
- Public policy.
- Risk management.
- Social Protections and Labor.
- Transport.
- Urban development.
- Urban economy.
- Urban growth.
- Urban Housing.
- Urban public services.
- Urbanization.
- Wages.
- Local Subjects:
- Banks & Banking Reform.
- Economics.
- Environment.
- Environmental Economics & Policies.
- Externalities.
- Finance and Financial Sector Development.
- Hazard Risk Management.
- Housing.
- Housing prices.
- Insurance.
- Labor markets.
- Labor Policies.
- Land prices.
- Land use.
- Large cities.
- Migration.
- Productivity.
- Public policy.
- Risk management.
- Social Protections and Labor.
- Transport.
- Urban development.
- Urban economy.
- Urban growth.
- Urban Housing.
- Urban public services.
- Urbanization.
- Wages.
- Physical Description:
- 1 online resource (48 pages)
- Other Title:
- Density And Disasters
- Place of Publication:
- Washington, D.C., The World Bank, 2010
- System Details:
- data file
- Summary:
- Today, 370 million people live in cities in earthquake prone areas and 310 million in cities with high probability of tropical cyclones. By 2050, these numbers are likely to more than double. Mortality risk therefore is highly concentrated in many of the world's cities and economic risk even more so. This paper discusses what sets hazard risk in urban areas apart, provides estimates of valuation of hazard risk, and discusses implications for individual mitigation and public policy. The main conclusions are that urban agglomeration economies change the cost-benefit calculation of hazard mitigation, that good hazard management is first and foremost good general urban management, and that the public sector must perform better in generating and disseminating credible information on hazard risk in cities.
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