RISK MANAGEMENT (final project by Denisa Mockova; sources: World Bank material, flickr, google)
Risk management (RM) as a concept has been discussed widely within, but not
Effective Successful & Inclusive Risk-Management
exclusively, the international organizations and actors. Its basic definition, according to the World Bank is that it is a “process of confronting risks, preparing for them and coping with their
PRODUCING RESILIENCE • ability to mitigate losses from adverse shocks and to foster the economy ACHIEVING PROSPERITY • by improving benefits from pursuing opportunity
effects”. The natural disasters, economic
While these terms might sound vague, in
crises, uneven development, among
reality, the complexity of RM engages
others, have been posing significant
various stakeholders which cooperate in a
threat to people all around the world, as
matter which allows them to tackle the
well as the international system in
problems and to be successful in pursuing
general. RM is therefore absolutely
a common goal of healthy, prosperous
necessary and it has two main aims.
and opportunity-rich society.