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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