The Role of the Financial System in Managing Risk with Martin Melecky, Lead Author, World Development Report 2014

The Role of the Financial System in Managing Risk

Risks are a part of our everyday lives. Losses from risks and missed opportunities affect everyone. In the last two decades the world has experienced international integration, technological innovation, and economic reform, but also financial turbulence and environmental damage. The fear of loss can prevent people from pursuing development opportunities, leaving many poor people trapped in poverty. However, societies that successfully adapt to risks can make dramatic gains in their living standards.

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The Role of the Financial System in Managing Risk

The Role of the Financial System in Managing Risk