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Foreword; Acknowledgements; Contents; Contributors; Abbreviations; 1 The Triple Dividend of Resilience-A New Narrative for Disaster Risk Management and Development; Abstract; 1.1 The Case for Investing in Resilience; 1.1.1 Disasters, Poverty and Development; 1.1.2 Incentivising ex-ante Disaster Risk Management; 1.2 The Triple Dividend: A Comprehensive Business Case for Resilience; 1.3 The First Dividend of Resilience: Saving Lives and Avoiding Losses; 1.3.1 Saving Lives and Reducing Number of people Affected; 1.3.2 Reducing Damages and Losses
1.4 The Second Dividend of Resilience: Unlocking Economic Potential1.4.1 Increased Business and Capital Investment; 1.4.2 Household and Agricultural Productivity Dividends; 1.4.3 Land Value Dividends from Protective Infrastructure; 1.4.4 Fiscal Stability and Future Credit Risks; 1.5 The Third Dividend of Resilience: Co-benefits of DRM Investments; 1.5.1 Ecosystem-Based Co-benefits; 1.5.2 Transport Co-benefits; 1.5.3 Agricultural Co-benefits; 1.6 Concluding Recommendations for Decision-Makers: Integrating the Triple Dividend of Resilience in DRM Appraisals
1.6.1 Define the Problem and Its Context1.6.2 Identify and Apply Tools and Methods for Empirical Analysis of DRM; 1.6.3 Communicate Outcomes; References; 2 Avoided Losses and the Development Dividend of Resilience; Abstract; 2.1 Introduction; 2.2 Higher Disaster Losses at the Macro Level; 2.2.1 Indirect Losses from the Disruption of Economic Infrastructure and Activity; 2.2.2 Impact on Long-Term Growth and Development; 2.3 Welfare Losses at the Microeconomic Level; 2.3.1 Asset Losses Differ Depending on Who Is Hit; 2.3.2 Welfare Losses Are Different from Asset Losses
2.4 Slower Development in the Absence of DRM Investments2.4.1 Development and the Exposure to Natural Hazards; 2.4.2 Lower Risk-Taking Owing to "Background Risk"; 2.5 Conclusion and Implications for Policy; References; 3 Co-benefits of Disaster Risk Management: The Third Dividend of Resilience; Abstract; 3.1 Introduction; 3.2 Examples of Local Environmental and Socioeconomic Co-benefits; 3.3 Challenges of Identifying Environmental and Socioeconomic Co-benefits; 3.3.1 Shortcomings of Using Standard Cost-Benefit Analysis; 3.3.2 Idiosyncrasies of Public Sector Decision-Making
3.4 Opportunities to Promote Environmental and Socioeconomic Co-benefits3.4.1 Towards a DRM Co-benefits Framework; 3.4.2 Qualitative Cost-Benefit Analysis; 3.4.3 Integrating DRM and Environmental Management; 3.5 The Need for DRM Co-benefits Case Studies; 3.5.1 Two New Case Studies; 3.5.2 Building on Existing Case Studies; 3.6 Conclusions and Next Steps; References; 4 Disaster Risk Management and Fiscal Policy: Entry Points for Finance Ministries; Abstract; 4.1 Introduction: From Understanding Risk to Building Fiscal Resilience; 4.1.1 Overview; 4.1.2 Approach; 4.1.3 Charting Out Progress
1.4 The Second Dividend of Resilience: Unlocking Economic Potential1.4.1 Increased Business and Capital Investment; 1.4.2 Household and Agricultural Productivity Dividends; 1.4.3 Land Value Dividends from Protective Infrastructure; 1.4.4 Fiscal Stability and Future Credit Risks; 1.5 The Third Dividend of Resilience: Co-benefits of DRM Investments; 1.5.1 Ecosystem-Based Co-benefits; 1.5.2 Transport Co-benefits; 1.5.3 Agricultural Co-benefits; 1.6 Concluding Recommendations for Decision-Makers: Integrating the Triple Dividend of Resilience in DRM Appraisals
1.6.1 Define the Problem and Its Context1.6.2 Identify and Apply Tools and Methods for Empirical Analysis of DRM; 1.6.3 Communicate Outcomes; References; 2 Avoided Losses and the Development Dividend of Resilience; Abstract; 2.1 Introduction; 2.2 Higher Disaster Losses at the Macro Level; 2.2.1 Indirect Losses from the Disruption of Economic Infrastructure and Activity; 2.2.2 Impact on Long-Term Growth and Development; 2.3 Welfare Losses at the Microeconomic Level; 2.3.1 Asset Losses Differ Depending on Who Is Hit; 2.3.2 Welfare Losses Are Different from Asset Losses
2.4 Slower Development in the Absence of DRM Investments2.4.1 Development and the Exposure to Natural Hazards; 2.4.2 Lower Risk-Taking Owing to "Background Risk"; 2.5 Conclusion and Implications for Policy; References; 3 Co-benefits of Disaster Risk Management: The Third Dividend of Resilience; Abstract; 3.1 Introduction; 3.2 Examples of Local Environmental and Socioeconomic Co-benefits; 3.3 Challenges of Identifying Environmental and Socioeconomic Co-benefits; 3.3.1 Shortcomings of Using Standard Cost-Benefit Analysis; 3.3.2 Idiosyncrasies of Public Sector Decision-Making
3.4 Opportunities to Promote Environmental and Socioeconomic Co-benefits3.4.1 Towards a DRM Co-benefits Framework; 3.4.2 Qualitative Cost-Benefit Analysis; 3.4.3 Integrating DRM and Environmental Management; 3.5 The Need for DRM Co-benefits Case Studies; 3.5.1 Two New Case Studies; 3.5.2 Building on Existing Case Studies; 3.6 Conclusions and Next Steps; References; 4 Disaster Risk Management and Fiscal Policy: Entry Points for Finance Ministries; Abstract; 4.1 Introduction: From Understanding Risk to Building Fiscal Resilience; 4.1.1 Overview; 4.1.2 Approach; 4.1.3 Charting Out Progress