Examines debt insecurity in eighteenth-century Britain, a period of famously rapid economic growth when many people nevertheless experienced financial failure.

'Economic losses from natural disasters totaled $92 billion in 2015.' Such statements, all too commonplace, assess the severity of disasters by no other measure than the damage inflicted on buildings, infrastructure, and agricultural production. But $1 in losses does not mean the same thing to a rich person that it does to a poor person; the gravity of a $92 billion loss depends on who experiences it. By focusing on aggregate losses—the traditional approach to disaster risk—we restrict our consideration to how disasters affect those wealthy enough to have assets to lose in the first place, and largely ignore the plight of poor people. This report moves beyond asset and production losses and shifts its attention to how natural disasters affect people’s well-being. Disasters are far greater threats to well-being than traditional estimates suggest. This approach provides a more nuanced view of natural disasters than usual reporting, and a perspective that takes fuller account of poor people’s vulnerabilities. Poor people suffer only a fraction of economic losses caused by disasters, but they bear the brunt of their consequences. Understanding the disproportionate vulnerability of poor people also makes the case for setting new intervention priorities to lessen the impact of natural disasters on the world’s poor, such as expanding financial inclusion, disaster risk and health insurance, social protection and adaptive safety nets, contingent finance and reserve funds, and universal access to early warning systems. Efforts to reduce disaster risk and poverty go hand in hand. Because disasters impoverish so many, disaster risk management is inseparable from poverty reduction policy, and vice versa. As climate change magnifies natural hazards, and because protection infrastructure alone cannot eliminate risk, a more resilient population has never been more critical to breaking the cycle of disaster-induced poverty.

This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.

This book investigates the best strategies for poverty alleviation in post-disaster urban environments, and the conditions necessary for the success and scaling up of these strategies. Using the case study of Typhoon Yolanda (Haiyan) in the Philippines, the strongest typhoon ever to make landfall, the book aims to draw out policy recommendations relevant for other middle- and lower-income countries facing similar urban environmental challenges. Humans are increasingly living in densely populated and highly vulnerable areas, often coastal. This increased density of human settlements leads to increased material damage and high death tolls, and this vulnerability is often exacerbated by climate change. This book focuses on urban population risk, vulnerability to disasters, resilience to environmental shocks, and adaptation in relation to paths in and out of poverty. Using both qualitative and quantitative methods, including primary survey data from victims and those charged with overseeing the relief effort in the Philippines, Urban Poverty in the Wake of Environmental Disaster has significant implications for disaster risk reduction as it relates to the urban poor and is highly recommended for scholars and practitioners of development studies, environment studies, and disaster relief and risk reduction.

Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.

There is No Such Thing as a Natural Disaster is the first comprehensive critical book on the catastrophic impact of Hurricane Katrina on New Orleans. The disaster will go down on record as one of the worst in American history, not least because of the government’s inept and cavalier response. But it is also a huge story for other reasons; the impact of the hurricane was uneven, and race and class were deeply implicated in the unevenness. Hartman and. Squires assemble two dozen critical scholars and activists who present a multifaceted portrait of the social implications of the disaster. The book covers the response to the disaster and the roles that race and class played, its impact on housing and redevelopment, the historical context of urban disasters in America and the future of economic development in the region. It offers strategic guidance for key actors - government agencies, financial institutions, neighbourhood organizations - in efforts to rebuild shattered communities.

The “compelling” story behind the 1995 Chicago weather disaster that killed hundreds—and what it revealed about our broken society (Boston Globe). On July 13, 1995, Chicagoans awoke to a blistering day in which the temperature would reach 106 degrees. The heat index—how the temperature actually feels on the body—would hit 126. When the heat wave broke a week later, city streets had buckled; records for electrical use were shattered; and power grids had failed, leaving residents without electricity for up to two days. By July 20, over seven hundred people had perished—twenty times the number of those struck down by Hurricane Andrew in 1992. Heat waves kill more Americans than all other natural disasters combined. Until now, no one could explain either the overwhelming number or the heartbreaking manner of the deaths resulting from the 1995 Chicago heat wave. Meteorologists and medical scientists have been unable to account for the scale of the trauma, and political officials have puzzled over the sources of the city’s vulnerability. In Heat Wave, Eric Klinenberg takes us inside the anatomy of the metropolis to conduct what he calls a “social autopsy,” examining the social, political, and institutional organs of the city that made this urban disaster so much worse than it ought to have been. He investigates why some neighborhoods experienced greater mortality than others, how city government responded, and how journalists, scientists, and public officials reported and explained these events. Through years of fieldwork, interviews, and research, he uncovers the surprising and unsettling forms of social breakdown that contributed to this human catastrophe as hundreds died alone behind locked doors and sealed windows, out of contact with friends, family, community groups, and public agencies. As this incisive and gripping account demonstrates, the widening cracks in the social foundations of American cities made visible by the 1995 heat wave remain in play in America’s cities today—and we ignore them at our peril. Includes photos and a new preface on meeting the challenges of climate change in urban centers “Heat Wave is not so much a book about weather, as it is about the calamitous consequences of forgetting our fellow citizens. . . . A provocative, fascinating book, one that applies to much more than weather disasters.” —Chicago Sun-Times “It’s hard to put down Heat Wave without believing you’ve just read a tale of slow murder by public policy.” —Salon “A classic. I can’t recommend it enough.” —Chris Hayes

A “keenly observed and timely investigation” of how capitalism makes a fortune from disaster, poverty and catastrophe—“a potent weapon for shock resistors around the world” (Naomi Klein, author of The Shock Doctrine) Disaster has become big business. Best-selling journalist Antony Loewenstein travels across Afghanistan, Pakistan, Haiti, Papua New Guinea, the United States, Britain, Greece, and Australia to witness the reality of disaster capitalism. He discovers how companies cash in on organized misery in a hidden world of privatized detention centers, militarized private security, aid profiteering, and destructive mining. What emerges through Loewenstein’s re­porting is a dark history of multinational corporations that, with the aid of media and political elites, have grown more powerful than national governments. In the twenty-first century, the vulnerable have become the world’s most valuable commodity.

Economic Effects of Natural Disasters explores how natural disasters affect sources of economic growth and development. Using theoretical econometrics and real-world data, and drawing on advances in climate change economics, the book shows scholars and researchers how to use various research methods and techniques to investigate and respond to natural disasters. No other book presents empirical frameworks for the evaluation of the quality of macroeconomic research practice with a focus on climate change and natural disasters. Because many of these subjects are so large, different regions of the world use different approaches, hence this resource presents tailored economic applications and evidence. - Connects economic theories and empirical work in climate change to natural disaster research - Shows how advances in climate change and natural disaster research can be implemented in micro- and macroeconomic simulation models - Addresses structural changes in countries afflicted by climate change and natural disasters

To mitigate, develop, and improve the lives of those vulnerable to intense natural disasters, climate change, and food insecurity, many agencies are funding and implementing diverse activities from reconstruction to rehabilitation, and this book presents the lessons and impacts from a collection of these projects. It describes concepts, strategies, processes, and tools in such a way that they can be easily replicated and shared with a wider audience. This study explains that mid- to long-term interventions, strategies, and practical approaches in particular are being designed and adopted to build the resilience of the poor. It describes valuable practical experiences and lessons from the field, capturing a range of interventions from implementing agencies involved in post-disaster rehabilitation. It is comprised of 79 papers grouped into four sections: coastal threats and challenges in South Asia; disaster risk reduction and the combining of resilience, mitigation, and adaptation; pathways for building the capacity of vulnerable communities to withstand and rebuild from natural disasters; and real-life postdisaster rehabilitation and resilience-building projects that have led to positive change at the community level. This is an exceptional resource for anyone concerned with disaster management and rehabilitation work, including students, researchers, policymakers, and members of nongovernmental organizations.