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Opportunity
To pursue opportunity

Opportunity
Risk

 people must confront risk
..not one risk
but many

but many

Job
loss
..not one risk, but many

Crime
Job
loss
..not one risk, but many

Disease
Crime
Job
loss
..not one risk, but many

Disease
Natural
disastersCrime
Job
loss
..not one risk, but many

Disease
Natural
disastersCrime
Financial
crises
Job
loss
Job
loss
Disease
Crime
Natural
disasters
Financial
crises
..and often burdened with obstacles
to manage them
Job
loss
Disease
Crime
Natural
disasters
Financial
crises
..and often burdened with obstacles
to manage them
Sharing risk with others can overcome
these obstacles

Family
Sharing risk with others can overcome
these obstacles

Family Community
Sharing risk with others can overcome
these obstacles

Family Community
Enterprises
Sharing risk with others can overcome
these obstacles

Family
Banks
Community
Enterprises
Sharing risk with others can overcome
these obstacles

Family
Banks
Community
Enterprises
Sharing risk with others can overcome
these obstacles

Government
Family
Banks
Community
Enterprises
Sharing risk with others can overcome
these obstacles

Government
Int’l
Community
..through collective action and institutions
..through collective action and institutions
..through collective action and institutions
..through collective action and institutions
..through collective action and institutions
..through collective action and institutions
Knowledge
Protection
Insurance
Coping
Risk management – the process of
confronting risks
Knowledge
Protection
Insurance
Coping
Risk management – the process of
confronting risks
Knowledge
Protection
Insurance
Coping
Risk management can be a powerful
tool for development
Knowledge
Protection
Insurance
Coping
Risk management can be a powerful
tool for development
World Development Report 2014
www.worldbank.org/wdr2014
#WDRrisk

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World Development Report 2014