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The Dynamics of RiskChanging Technologies and Collective Action in Seismic Events$
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Louise K. Comfort

Print publication date: 2019

Print ISBN-13: 9780691165370

Published to Princeton Scholarship Online: January 2020

DOI: 10.23943/princeton/9780691165370.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 29 March 2020

Redefining Risk on a Global Scale

Redefining Risk on a Global Scale

(p.1) 1 Redefining Risk on a Global Scale
The Dynamics of Risk

Louise K. Comfort

Princeton University Press

This introductory chapter outlines seismic risk as a global policy problem. Seismic risk presents a great challenge in developed countries, not only for the nations in which they occur, but also for disruption of the interconnected global trade, transportation, communications, and financial networks that sustain the world's growing populations. For example, the megacities of Tokyo, Istanbul, Jakarta, Mumbai, Mexico City, and Los Angeles are each exposed to significant seismic risk. Their respective metropolitan regions now encompass tens of millions of residents and serve as centers of government, commerce, communications, finance, and transportation in their respective nations. The interdependence of these operational networks in a globally connected world means that if any one of these megacities experiences a major earthquake, the losses would not only affect the immediate population, but also seriously disrupt vital transactions on a worldwide scale. The chapter then considers the concept of shared risk. While interdependence among global infrastructure and organizational systems creates cumulative risk for the global metasystem, this same interdependence creates opportunities for the redesign of interconnected operations to reduce expanding risk.

Keywords:   seismic risk, global policy, developed countries, megacities, global trade, operational networks, earthquake, global infrastructure, cumulative risk, shared risk

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