Some of the world’s most advanced economies are also among the most at risk for natural and manmade hazards, according to a recently released data set by risk consultancy firm Verisk Maplecroft. The data show that the need for resilience planning cuts across economic lines, experts say.
Economic growth may “not necessarily translate ... into robust policies to achieve rapid development in terms of building resilience at the societal level on natural hazards,” Richard Hewston, principal analyst at Verisk Maplecroft's environment and climate change team and head of the data set's development, told Devex.
“What we found within a lot of countries — rapidly growing economies — is that they perform quite well economically but still lack in the governance and societal pillar,” he said.
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About the author
Lean Alfred Santos@DevexLeanAS
Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.
