Summary of World Development Report 2014

Risk and Opportunity: Managing Risk for Development

World Bank,

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World Development Report 2014 summary
Effective managers can turn crises into opportunities.

Rating

7 Overall

8 Applicability

7 Innovation

6 Style

Recommendation

The World Bank conducted extensive research and synthesized a lot of information to determine the routes to effective worldwide risk management. This report cites optimal actions governments can take to control public risk and shows how proactive risk management reduces the cost of coping with the aftermath of crises and leads to post-shock economic development opportunities. The analysis contains abundant case studies, detailed text, risk-themed graphics and an extensive bibliography. getAbstract recommends this valuable report to investors, bankers, nongovernmental organizations, policy makers, students of government, finance and economics, and those responsible for dealing with what might happen the day after tomorrow.

In this summary, you will learn

  • How risk can lead to economic development opportunity
  • How global policy makers should manage risk
  • How to identify and remove roadblocks to risk management
 

Summary

The Power of Risk Management
Whatever its size or origin, a crisis can have a physical, economic and emotional impact. A lack of planning for potential crises is its own hazard, the “risk of inaction.” When planning is in place, it can focus on post-crisis action. The optimum approach...
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About the Author

Established in 1944, the World Bank provides financial and technical assistance to developing countries. It works with member nations to fight global poverty.


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