Environmental Risk Management for Developing Countries

Posted: 14 Feb 2003

See all articles by Paul K. Freeman

Paul K. Freeman

Dimensional Fund Advisors Inc.

Howard Kunreuther

University of Pennsylvania - Operations, Information and Decisions Department; National Bureau of Economic Research (NBER)

Abstract

Disaster losses in the developing world have increased substantially over the past decade and are likely to accelerate in future years. This paper proposes an environmental risk management program for developing countries that consists of six modules. The pre-disaster phase includes risk identification, risk mitigation, risk transfer, and preparedness; the post-disaster phase is devoted to emergency response and rehabilitation and reconstruction. We illustrate the elements of each of these phases with a set of examples and then show how they have been applied in three countries: Fiji, India, and Turkey. The paper concludes with a set of suggestions for future research.

Suggested Citation

Freeman, Paul K. and Kunreuther, Howard C., Environmental Risk Management for Developing Countries. Geneva Papers, Vol. 27, pp. 196-214, 2002. Available at SSRN: https://ssrn.com/abstract=312510

Paul K. Freeman (Contact Author)

Dimensional Fund Advisors Inc.

1299 Ocean Avenue, 11th Floor
Santa Monica, CA 90401
United States

Howard C. Kunreuther

University of Pennsylvania - Operations, Information and Decisions Department ( email )

3730 Walnut Street
558 & 559 Jon M. Huntsman Hall
Philadelphia, PA 19104-5340
United States
212-854-0423 (Phone)
215-573-2130 (Fax)

National Bureau of Economic Research (NBER)

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