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Capital and the Common GoodHow Innovative Finance is Tackling the World's Most Urgent Problems$
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Georgia Levenson Keohane

Print publication date: 2016

Print ISBN-13: 9780231178020

Published to Columbia Scholarship Online: September 2017

DOI: 10.7312/columbia/9780231178020.001.0001

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Toward a New Disaster Finance

Toward a New Disaster Finance

Redefining Risk, Response, and Resilience

Chapter:
(p.120) 4 Toward a New Disaster Finance
Source:
Capital and the Common Good
Author(s):

Georgia Levenson Keohane

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231178020.003.0005

Looks at complex manmade disasters—thornier, in some ways, than natural disasters because they do not readily lend themselves to risk transfer. Displacement and dislocation—refugees fleeing conflict—are political failures, not market failures. Nevertheless, this chapter looks at whether there are ways to improve how donor funds are raised and spent in humanitarian relief, particularly as protracted human emergencies become long-term development challenges. The chapter’s concluding observations, with examples from investment for peace initiatives in the Middle East, return us to the original Bretton Woods theme: that economic development and political stability are necessarily intertwined.

Keywords:   climate change, natural disasters, refugees, microfinance, African Risk Capacity, Bretton Woods

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