Risk, Shocks, and Human Development : On the Brink

Sudden negative events are part of life, but some are more disastrous than others. This book analyzes the consequences of sudden negative shocks in the short and long term well being of people and how the policies implemented before, during and in the immediate aftermath of the event could help prevent these long lasting effects.

Global financial crisis, earthquakes, tsunamis, hurricanes and droughts are ever present in the history of humanity. But what does this mean for the way people live their lives - their health, their education, and their overall well-being? This book examines the effects of large shocks and their impact on human development.

The contributors to this volume provide conceptual and empirical analysis to illustrate the depth and breadth of these negative shocks and the long-lasting effects on human development for people and households. It considers the cumulative consequences on poverty reduction efforts, in the context of climate change and the global financial crisis. The book also engages with the lively debate about the policy mechanisms that are needed to protect people against such events.

This book is essential reading for all interested in human development and well-being, and development economics.