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World Development Report 2014
Report

World Development Report 2014

Risk and Opportunity: Managing Risk for Development

The World Bank
World Bank, 2014
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Editorial Rating

7

Qualities

  • Applicable

Recommendation

The World Bank conducted extensive research and synthesized a lot of information to determine the routes to effective worldwide risk management. This report cites optimal actions governments can take to control public risk and shows how proactive risk management reduces the cost of coping with the aftermath of crises and leads to post-shock economic development opportunities. The analysis contains abundant case studies, detailed text, risk-themed graphics and an extensive bibliography. getAbstract recommends this valuable report to investors, bankers, nongovernmental organizations, policy makers, students of government, finance and economics, and those responsible for dealing with what might happen the day after tomorrow.

Take-Aways

  • Risk management is “the process of confronting risks, preparing for them and coping with their effects.”
  • Risk taking leads to opportunities.
  • Proactivity is an essential feature of risk management.

About the Author

Established in 1944, the World Bank provides financial and technical assistance to developing countries. It works with member nations to fight global poverty.

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