Economic losses from natural disasters totaled $92 billion in 2015. Such statements, all too commonplace, assess the severity of disasters by no other measure than the damage inflicted on buildings, infrastructure, and agricultural production. But $1 in losses does not mean the same thing to a rich person that it does to a poor person; the gravity of a $92 billion loss depends on who experiences it. By focusing on aggregate losses - the traditional approach to disaster risk - we restrict our consideration to how disasters affect those wealthy enough to have assets to lose in the first place, and largely ignore the plight of poor people
- ISBN10 1464810036
- ISBN13 9781464810039
- Publish Date 30 December 2016 (first published 24 November 2016)
- Publish Status Active
- Publish Country US
- Imprint World Bank Publications
- Format Paperback
- Pages 192
- Language English