The Challenge

  • The Scientific Planning Committee of IHDP-IRG Project
  • Qian Ye
Part of the IHDP-Integrated Risk Governance Project Series book series (IHDP-IRGPS)


Large-scale disasters, which exceed the current coping capacity of socio-ecological systems, are on the increase. Recent examples include the 2008 drought in Ethiopia and other African countries, China’s great ice storm of 2008, hurricane Katrina of 2005 in the U.S., the European heatwave of 2003, as well as the global financial crisis of 2008. An important feature of these disasters is the striking inequality between the vulnerability of people most exposed to the different disasters and the privileged position of others. This is part of the moral mazes (Jackall 2009) in which risk professionals nowadays operate. And in the years to come, the challenge will rise much further.


Hedge Fund Insurance Industry Coping Capacity Risk Governance Comparative Case Study 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Alexander, D. 2000. Confronting catastrophe: new perspectives on natural disasters. New York: Oxford University Press.Google Scholar
  2. Beck, U. 1992. Risk society: towards a new modernity. London: Sage.Google Scholar
  3. Bernstein, P.L. 1996. Against the Gods: the remarkable story of risk. New York: John Wiley & Sons.Google Scholar
  4. Blaikie, P., T. Cannon, I. Davis, et al. 1994. At risk: natural hazards, people’s vulnerability, and disasters. London: Routledge.Google Scholar
  5. Bouchaud, J.P., and M. Potters. 2000. Theory of financial risks: from statistical physics to risk management. Cambridge: Cambridge University Press.Google Scholar
  6. Bunting, C., O. Renn, M.V. Florin, et al. 2007. The IRGC risk governance framework. The John Liner Review 21(2): 7–26.Google Scholar
  7. Burton, I., R.W. Kates, and G.F. White. 1995. The environment as hazard. New York: The Guilford Press.Google Scholar
  8. Dlugolecki, A.F. 2000. Climate change and the insurance industry. The Geneva Papers on Risk and Insurance—Issues and Practice 25(4): 582–601.CrossRefGoogle Scholar
  9. Drèze, J.H., A. Sen, and A. Hussain. 1995. The political economy of hunger: selected essays. Oxford: Clarendon Press.Google Scholar
  10. Hacking, I. 2006. The emergence of probability: a philosophical study of early ideas about probability, induction and statistical inference. Cambridge: Cambridge University Press.Google Scholar
  11. Haimes, Y.Y. 2004. Risk modeling, assessment, and management. Hoboken: John Wiley & Sons.CrossRefGoogle Scholar
  12. Hendricks, V.F., S.A. Pedersen, and K.F. Jørgensen. 2001. Probability theory: philosophy, recent history, and relations to science. Dordrecht: Kluwer Academic Publishers.Google Scholar
  13. ICSU (International Council of Scientific Unions). 2008. A science plan for integrated research on disaster risk: addressing the challenge of natural and human-induced environmental hazards. Paris: ICSU.Google Scholar
  14. ISDR (International Strategy for Disaster Reduction). 2004. Living with risk—a global review of disaster reduction initiatives (2004 Version, Volumes II). Geneva: ISDR, United Nations.Google Scholar
  15. Jackal, R. 2009. Moral mazes: the world of corporate managers. Oxford: Oxford University Press.Google Scholar
  16. Jaeger, C.C., O. Renn, E.A. Rosa, et al. 2001. Risk, uncertainty, and rational action. London: Earthscan.Google Scholar
  17. Jasanoff, S. 1986. Risk management and political culture. New York: Russell Sage Foundation.Google Scholar
  18. Jorion, P. 1997. Value at risk: the new benchmark for controlling market risk. New York: McGraw-Hill.Google Scholar
  19. Kahneman, D. 2003. A perspective on judgment and choice: mapping bounded rationality. American Psychologist 58: 697–720.CrossRefGoogle Scholar
  20. Lahsen, M.H. 2007. Anthropology and the trouble of risk society. Anthropology News 48(9): 9–10.CrossRefGoogle Scholar
  21. Linnerooth-Bayer, J., R. Mechler, and G. Pflug. 2005. Refocusing disaster aid. Science 309: 1044–1046.CrossRefGoogle Scholar
  22. Machina, M. 1987. Choice under uncertainty: problems solved and unsolved. Journal of Economic Perspectives 1: 121–154.CrossRefGoogle Scholar
  23. Mileti, D.S. 1999. Disasters by design: a reassessment of natural hazards in the United States. Washington: National Academy Press.Google Scholar
  24. Morgan, M.G., B. Fischhoff, A. Bostrom, et al. 2002. Risk communication: a mental models approach. Cambridge: Cambridge University Press.Google Scholar
  25. NRC. 2006. Facing hazards and disasters: understanding human dimensions. Washington: The National Academies Press.Google Scholar
  26. OECD (Organization for Economic Co-operation and Development). 2003. Report on emerging (systemic) risks in the 21st century. Paris: OECD.Google Scholar
  27. Ostrom, E. 2005. Understanding institutional diversity. Princeton: Princeton University Press.Google Scholar
  28. Perrow, C. 2007. The next catastrophe: reducing our vulnerabilities to natural, industrial and terrorist disasters. Princeton: Princeton University Press.Google Scholar
  29. Renn, O. 2008. Risk governance: coping with uncertainty in a complex world. London: Earthscan.Google Scholar
  30. Rodriguez, H., E.L. Quarantelli, and R. Dynes. 2006. Handbook of disaster research. New York: Springer.Google Scholar
  31. Sagan, S.D. 1993. The limits of safety: organizations, accidents, and nuclear weapons. Princeton: Princeton University Press.Google Scholar
  32. Scheuren, J.M., O. le Polain de Waroux, R. Below, et al. 2008. Annual disaster statistical review: the numbers and trends 2007. Melin: CRED (Center for Research on the Epidemiology of Disasters).Google Scholar
  33. Shiller, R.J. 2004. The new financial order: risk in the 21st century. Princeton: Princeton University Press.Google Scholar
  34. Shultz, G.P., W.J. Perry, H. Kissinger, et al. 2008. Toward a nuclear- free world. The Wall Street Journal, P. A13.Google Scholar
  35. UNDP (United Nations Development Programme). 2004. Reducing disaster risk: a challenge for development. New York: United Nations.Google Scholar
  36. WBGU (German Advisory Council on Global Change). 1998. World in transition: strategies for managing global environmental risks. Annual Report. Berlin: WBGU.Google Scholar
  37. World Bank. 2006. Hazards of nature, risks to development: an IEG evaluation of World Bank assistance for natural disasters. Washington: World Bank.Google Scholar

Copyright information

© Beijing Normal University Press, Beijing and Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • The Scientific Planning Committee of IHDP-IRG Project
  • Qian Ye
    • 1
  1. 1.Beijing Normal UniversityBeijingChina

Personalised recommendations