MainDB: 360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
Title:
360° Resilience : A Guide to Prepare the Caribbean for a New Generation of Shocks
NWPWeblink:
https://www.worldbank.org/en/events/2021/11/05/360-resilience-a-guide-to-prepare-the-caribbean-for-a-new-generation-of-shocks
NWPTypeOfOrganization:
Civil society
NWPGeographicRegion:
Caribbean and Central America
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Activities:
Adaptation element:
Adaptation planning and practices; Institutional arrangements; Monitoring and evaluation/M&E; Stakeholder involvement; Vulnerability assessment
Adaptation sector/theme:
Agriculture; Food security; Water resources; Ecosystems; Biodiversity; Coastal areas/zones; Health; Ecosystem-based adaptation; Disaster risk reduction; Infrastructure; Gender; Urban resilience; Tourism; Services
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Description:
Caribbean countries, a set of mostly Small Island Developing States (SIDS), have a history of dealing with large shocks. The region is threatened by both economic and natural hazards. Nations have specialized in tourism and commodity exports, disproportionately exposing them to global economic cycles through changes in tourism demand and commodity prices. They are also located in a region that is highly exposed to a range of natural hazards, from volcanic eruptions to earthquakes and hurricanes, which damage their infrastructure stock, reduce tourism demand, and destroy agricultural production. Hazards have often caused severe damage to economies and livelihoods in the region. This report reviews existing assessments of past losses from natural and economic shocks in the Caribbean, looking at impacts on physical capital, private sector activity (especially tourism and agriculture), economic growth, poverty, and well-being. It concludes that, despite the damage to physical capital experienced by countries due to natural hazards (especially in housing and transport infrastructure), the impacts on growth are short-lived, possibly because many mechanisms are in place to help economies bounce back rapidly. However, natural hazards have a high impact on poverty and human capital and threaten the sustainability of economic growth.
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NWPGeographicScope:
National
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NWPInformationType:
Case study
NWPJoinDate:
02/01/2023
NWPPartner:
World Bank
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Target group:
Policy makers; Practitioners
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NWP
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NWPOutcome:
The assessment and recommendations are used to identify priority actions and integrate climate policy development, planning, budget allocation to support development and whole-of-society resilience.
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SourceItemID:
2477
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NWPTypeOfKnowledge:
Technical document/report
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NWPRelevantWeblinks:
http://hdl.handle.net/10986/36405;#Adaptation and resilience preparedness diagnostic in the Caribbean countries
Created at 01/02/2023 07:00 by crmmocservices
Last modified at 01/02/2023 07:00 by crmmocservices
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