TY - JOUR
T1 - International investments and businesses as enablers of globalization of local risks
T2 - A case for risk communication and climate fragility reduction
AU - Sivapuram V.R.K., Prabhakar
AU - Shaw, Rajib
N1 - Funding Information:
Authors are grateful that the part of this research was supported by the Environment Research and Technology Development Fund ( 2-1801 ) of the Environmental Restoration and Conservation Agency of Japan and IGES Strategic Research Fund 2020. Authors also thankfully acknowledge the valuable support provided bA. Miyatsuka, J. Murugesan, I. Okutani, T. Takeda, T. Komino, Y. Azuma, K. Tamura, M. Ikeda, and Y. Kameyama in translation, accessing businesses, popularization of the survey, and moral support.
Publisher Copyright:
© 2020 The Authors
PY - 2020/12
Y1 - 2020/12
N2 - The phenomenon of regional and global integration has resulted in the natural hazards and climate change impacts in one country affecting people and countries far away. This phenomenon of globalization of local risks has long been known but has not received much attention. With greater regional integration and greater impacts of climate change, these considerations are more important today and in the future. This paper presents results from a regional survey conducted on globalization of local risks through investments in the vulnerable regions of Asia. The study indicated that countries that have been successful in attracting global investments in manufacturing and service industries are highly vulnerable to natural hazard risks raising an important issue of globalization of local risks. The paper reviews the current understanding on the globalization of local risks and presents the statistically analysed survey findings. The paper also presents a climate fragility risk index developed using multiple indicators that helps to identify countries predisposition to the globalization of local risks. The paper concludes by stating that the risk communication plays an important role in mitigating the globalization of local risks.
AB - The phenomenon of regional and global integration has resulted in the natural hazards and climate change impacts in one country affecting people and countries far away. This phenomenon of globalization of local risks has long been known but has not received much attention. With greater regional integration and greater impacts of climate change, these considerations are more important today and in the future. This paper presents results from a regional survey conducted on globalization of local risks through investments in the vulnerable regions of Asia. The study indicated that countries that have been successful in attracting global investments in manufacturing and service industries are highly vulnerable to natural hazard risks raising an important issue of globalization of local risks. The paper reviews the current understanding on the globalization of local risks and presents the statistically analysed survey findings. The paper also presents a climate fragility risk index developed using multiple indicators that helps to identify countries predisposition to the globalization of local risks. The paper concludes by stating that the risk communication plays an important role in mitigating the globalization of local risks.
KW - Globalization of local risks
KW - Risk communication
KW - Trans-boundary climate risks
UR - http://www.scopus.com/inward/record.url?scp=85097141255&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85097141255&partnerID=8YFLogxK
U2 - 10.1016/j.pdisas.2020.100125
DO - 10.1016/j.pdisas.2020.100125
M3 - Article
AN - SCOPUS:85097141255
SN - 2590-0617
VL - 8
JO - Progress in Disaster Science
JF - Progress in Disaster Science
M1 - 100125
ER -
