Preparing for High-Impact, Low-Probability Events

Preparing for High-Impact, Low-Probability Events
Author :
Publisher : Chatham House (Formerly Riia)
Total Pages : 0
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ISBN-10 : 186203253X
ISBN-13 : 9781862032538
Rating : 4/5 (538 Downloads)

Book Synopsis Preparing for High-Impact, Low-Probability Events by : Bernice Lee

Download or read book Preparing for High-Impact, Low-Probability Events written by Bernice Lee and published by Chatham House (Formerly Riia). This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The frequency of "high-impact, low-probability" (HILP) events in the last decade--such as Hurricane Katrina, the T hoku earthquake and tsunami, and major floods in Pakistan and Thailand--signals the emergence of a new "normal." In a world of globalized production and optimized supply chains, the impacts of HILP events spread rapidly and are felt on an international scale. This report examines the effects of the volcanic ash cloud that spread across Europe in April 2010 and draws lessons for other HILP events. It considers whether governments and the private sector are sufficiently prepared, how the global economy could be made more resilient, and the role of communications in a crisis."


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