Natural Disasters and Risk Management: A Theoretical Overview

Natural Disasters and Risk Management: A Theoretical Overview

Milica Jovanović Vujatović, Sandra Milanović, Ivana Janjić
Copyright: © 2022 |Pages: 21
DOI: 10.4018/978-1-7998-8459-0.ch002
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In recent years, natural disasters have compelled public authorities, organizations, and citizens to increase their efforts in properly planning and implementing effective risk management procedures. Accordingly, in literature contemporary concepts such as natural disaster risk management and crisis management emerged. Therefore, the chapter aims to shed light on the significance of natural disaster risk management and crisis management in the development of an effective societal system by its transformation and to point out the positive and negative factors influencing these management activities. The authors will firstly give an overview of these two concepts, their elements, and development phases, and afterward, the investigation of possible positive and negative factors of natural disaster risk management will be introduced. The chapter will make a significant contribution to filling the gap in the literature on mitigating the influence of natural disasters and risk management.
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The process of globalization in the last decades of the twentieth century has led to political, economic, and social integration, reducing the importance of national boundaries (Jovanović & Đokić, 2020). In globalization and the knowledge economy, knowledge and ideas at the corporate, national, and global levels play a key role in solving various problems (Jovanović, 2018). The economic reality of modern companies and national economies is faced with the processes of internationalization and globalization (Jovanović & Đokić, 2019). Their interdependence emphasizes the importance of managing certain problems at the global or regional level. It is also the case with natural disaster risk management. Namely, it is necessary to look at global trends that encourage the risk of natural disasters (earthquakes, windstorms, and floods) and strive to mitigate them through policies and practices at the global and national levels (Gencer, 2013). In addition, companies are expected to continuously analyze the macro environment in terms of various exogenous factors, including environmental factors (Đorđević et al., 2020).

Key Terms in this Chapter

Mitigation: The action of reducing the severity, seriousness, or painfulness of something.

Crisis Management: A set of planned actions - projects and programs, and tools used for post-disaster activities.

Risk Management: A set of planned actions - projects and programs, and tools used to reduce disaster risk or mitigate damage.

Natural Disaster Risk: Natural disaster risk can be seen as the potential probability of loss (human, physical, economic, natural, social) due to the natural danger that threatens a certain area in a certain period.

Resistance: The ability not to be affected by something, especially adversely such as a natural disaster.

Societal Transformation: A way of changing cultural and social institutions over time with the impact on society.

Climate Change: A change in global or regional climate trends, mostly influenced by carbon dioxide emissions.

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