RMI-2302 Lecture Notes - Lecture 12: Natural Hazard, Demographic Transition, Natural Disaster
26 Oct 2016
School
Course
Professor
Document Summary
Risk in business and society - notes 12. Population size, location, demographics (demographic transition), exponential growth, & carrying capacity. If a tree falls in a forest . Not a clear de nition, hard to bring precision to natural events. 19k+ killed, 330k buildings destroyed, nuclear meltdown. 230k killed of 10m, 2. 3% of population killed. 80% of deaths from disasters in 15 countries. Of these 15 countries, 87% below democracy index, 73% below median gdp. Deaths from natural disasters can no longer be dismissed as random acts of nature. They are direct and inevitable consequences of high-risk land use and failures of government to adapt or respond to such known risks. People tend to be altruistic in times of emergency. 35 of top 40 losses (insured losses) Insured losses only a portion of economic losses. In 2011, b of b in losses were insured. Return period (how many years between similar magnitude events)
