World Development Report 2014 : Risk and Opportunity—Managing Risk for Development

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https://openknowledge.worldbank.org/handle/10986/5995
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https://openknowledge.worldbank.org/handle/10986/5996
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https://openknowledge.worldbank.org/handle/10986/5998
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https://openknowledge.worldbank.org/handle/10986/5999
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https://openknowledge.worldbank.org/handle/10986/6000
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https://openknowledge.worldbank.org/handle/10986/6001
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https://openknowledge.worldbank.org/handle/10986/6002
collection.link.19
https://openknowledge.worldbank.org/handle/10986/2124
collection.name.130
French PDFs Available
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Arabic PDFs Available
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Chinese PDFs Available
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Japanese PDFs Available
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Portuguese PDFs Available
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Russian PDFs Available
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Spanish PDFs Available
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World Development Report
dc.contributor.author
World Bank
dc.date.accessioned
2013-10-07T03:10:06Z
dc.date.available
2013-10-07T03:10:06Z
dc.date.issued
2013-10-06
dc.description.abstract
The past 25 years have witnessed unprecedented changes around the world—many of them for the better. Across the continents, many countries have embarked on a path of international integration, economic reform, technological modernization, and democratic participation. As a result, economies that had been stagnant for decades are growing, people whose families had suffered deprivation for generations are escaping poverty, and hundreds of millions are enjoying the benefits of improved living standards and scientific and cultural sharing across nations. As the world changes, a host of opportunities arise constantly. With them, however, appear old and new risks, from the possibility of job loss and disease to the potential for social unrest and environmental damage. If ignored, these risks can turn into crises that reverse hard-won gains and endanger the social and economic reforms that produced these gains. The World Development Report 2014 (WDR 2014), Risk and Opportunity: Managing Risk for Development, contends that the solution is not to reject change in order to avoid risk but to prepare for the opportunities and risks that change entails. Managing risks responsibly and effectively has the potential to bring about security and a means of progress for people in developing countries and beyond. Although individuals’ own efforts, initiative, and responsibility are essential for managing risk, their success will be limited without a supportive social environment—especially when risks are large or systemic in nature. The WDR 2014 argues that people can successfully confront risks that are beyond their means by sharing their risk management with others. This can be done through naturally occurring social and economic systems that enable people to overcome the obstacles that individuals and groups face, including lack of resources and information, cognitive and behavioral failures, missing markets and public goods, and social externalities and exclusion. These systems—from the household and the community to the state and the international community—have the potential to support people’s risk management in different yet complementary ways. The Report focuses on some of the most pressing questions policy makers are asking. What role should the state take in helping people manage risks? When should this role consist of direct interventions, and when should it consist of providing an enabling environment? How can governments improve their own risk management, and what happens when they fail or lack capacity, as in many fragile and conflict-affected states? Through what mechanisms can risk management be mainstreamed into the development agenda? And how can collective action failures to manage systemic risks be addressed, especially those with irreversible consequences? The WDR 2014 provides policy makers with insights and recommendations to address these difficult questions. It should serve to guide the dialogue, operations, and contributions from key development actors—from civil society and national governments to the donor community and international development organizations.
en
dc.identifier.isbn
978-0-8213-9903-3
dc.identifier.other
10.1596/978-0-8213-9903-3
dc.identifier.uri
http://hdl.handle.net/10986/16092
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
cohesion
dc.subject
countercyclical policies
dc.subject
crisis
dc.subject
financial stability
dc.subject
living standards
dc.subject
flexibility
dc.subject
informality
dc.subject
insurance
dc.subject
macroprudential regulation
dc.subject
national risk board
dc.subject
opportunity
dc.subject
prosperity
dc.subject
resilience
dc.subject
risk
dc.subject
risk management
dc.subject
risk management tools
dc.subject
risk prevention
dc.subject
risk sharing
dc.subject
safety nets
dc.subject
social protection
dc.subject
vulnerability
dc.title
World Development Report 2014
en
dc.title.subtitle
Risk and Opportunity—Managing Risk for Development
en
okr.crosscuttingsolutionarea
Jobs
okr.date.disclosure
2013-10-07
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research
okr.externalurl
http://siteresources.worldbank.org/EXTNWDR2013/Resources/8258024-1352909193861/8936935-1356011448215/8986901-1380046989056/WDR-2014_Complete_Report.pdf
okr.externalurl
http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/EXTWDRS/EXTNWDR2013/0,,contentMDK:23330018~pagePK:8258258~piPK:8258412~theSitePK:8258025,00.html
okr.externalurl
http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/EXTWDRS/EXTNWDR2013/0,,contentMDK:23459971~pagePK:8261309~piPK:8258028~theSitePK:8258025,00.html
okr.globalpractice
Social Protection and Labor
okr.globalpractice
Education
okr.globalpractice
Governance
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-9903-3
okr.identifier.report
81785
okr.itunes.appid
783465047
okr.itunes.url
https://itunes.apple.com/us/app/world-development-report-2014/id783465047?mt=8
okr.language.supported
en
okr.language.supported
es
okr.language.supported
fr
okr.peerreview
Academic Peer Review
okr.topic
Private Sector Development :: Legal Regulation and Business Environment
okr.topic
Private Sector Development :: Small and Medium Size Enterprises
okr.topic
Social Protections and Labor
okr.topic
Social Protections and Labor :: Labor Markets
okr.topic
Social Protections and Labor :: Labor Policies
okr.topic
Social Protections and Labor :: Skills Development and Labor Force Training
okr.topic
Social Protections and Labor :: Vocational & Technical Education
okr.unit
DECWD

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