Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy

The document highlights a 200% increase in inflation-adjusted global average economic disaster losses over the last 25 years, noting that 2011 was the costliest year on record with US$380 billion in losses. It argues that these losses, driven by increased exposure of assets and people to hazards, threaten macroeconomic outlooks in low and middle-income countries. To mitigate this, the author advocates for embedding disaster risk measures into national budgets, land-use planning, and infrastructure investments based on national risk atlases and disaster risk assessments.

• Global average economic disaster losses have increased by 200% over the past 25 years in inflation-adjusted terms, primarily because more assets and people are located in areas exposed to natural hazards.
• The year 2011 was the most expensive year for disasters in economic terms, with global losses estimated at US$380 billion, causing significant distributional and knock-on effects such as the impact of Thailand's floods on Japan's industrial output.
• To protect macroeconomic outlooks in low and middle-income countries, governments must integrate disaster risk management into national economic and fiscal policies, utilizing national risk atlases and disaster risk assessments to inform budgets, land-use plans, and poverty alleviation measures.

APA

Climate and Development Knowledge Network (2012). Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy. https://cdkn.org/resource/tackling-exposure-placing-disaster-risk-management-at-the-heart-of-national-economic-and-fiscal-policy

Chicago

Climate and Development Knowledge Network. Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy. 2012. https://cdkn.org/resource/tackling-exposure-placing-disaster-risk-management-at-the-heart-of-national-economic-and-fiscal-policy.

Wikipedia

{{cite report |author=Climate and Development Knowledge Network |title=Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy |date=9 May 2012 |url=https://cdkn.org/resource/tackling-exposure-placing-disaster-risk-management-at-the-heart-of-national-economic-and-fiscal-policy |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climateanddevelopmentknowledgenetwork2012tackling, author = {{Climate and Development Knowledge Network}}, title = {{Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy}}, institution = {Climate and Development Knowledge Network}, year = {2012}, month = may, url = {https://cdkn.org/resource/tackling-exposure-placing-disaster-risk-management-at-the-heart-of-national-economic-and-fiscal-policy}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }