Data from China’s Ministry of Civil Affairs show that more than 75% of the country’s poor live in rural areas. Abstract: The purpose of this article is to address economic vulnerability in sustainable development. This paper will challenge the traditional view of the Aral Sea disaster as of “natural”, but rather “crescive” and “constructed”. Vulnerability is mainly determined at community level by diversity of economic assets, access to resources, and relative distribution of income (Adger, 1999, Rufat et al., 2015), which means that the causes of vulnerability are fundamentally related to the economic context. The results of this study can be used as a tool towards the formulation of policies aimed at overcoming the adverse consequences of economic vulnerability. Vulnerability is a condition that is difficult to measure as mostly is based on the approximation (Parsons, 2014). Although the sources of vulnerability are multiple and quite diverse, some of the most important factors that affect vulnerability include population growth and distribution and social diversity. In this paper, economic vulnerability is defined as the exposure of an economy to exogenous shocks, arising out of economic openness, while economic resilience is … Then, the vulnerability of Tianjin urban economic system was measured from the perspectives of economy sensitivity and resilience using set pair analysis method. economic vulnerability but whose policies are deleterious to economic resilience, thereby exposing them to the adverse effects of shocks.5 These four scenarios are depicted in Figure 1, where the axes measure inherent economic vulnerability and nurtured resilience, respectively. In his book At Risk (2003) geographer Wisner explains root causes as follows: “Root causes are connected with the functioning (or malfunctioning) of the state, and ultimately the nature of the control exercised by the police and military, and with good governance, the rule of law and the capacities of the administration.” (p. 52). The economic impacts of climate change are the part of the economics of climate change related to the effects of climate change.In 2019, climate change contributed to extreme weather events causing at least $100 billion in damages. The most important recommendations for reducing vulnerability 75 7. Ethnic diversity allows for people from different backgrounds to collaborate and information, experiences…, disaster that implicate in ecological, societal, economic, and cultural environments throughout the time and space. the political, social, and economic constraints placed upon them through historic processes of exclusion and exploitation. Hazard is “a process, phenomenon or huma n activity that may cause loss of life, injury or . The population of poor countries has a state that does not guarantee them minimum conditions of survival and sustenance, and in the pursuit of personal and social growth there is no concern with sustainable development. In other words, the relatively good economic performance of a number of small states is not because, but in spite of, their small size and inherent economic vulnerability. Pro ling Australia’s Vulnerability: The interconnected causes and cascading effects of systemic disaster risk. Looking at imbalances in the financial markets gives a sense of the potential consequences of a major shock The factors of vulnerability can be classified as underlying causes, dynamic pressures and unsafe conditions. Up until the crisis, the Social Democratic Finance Minister Magdalena Andersson has been strictly following Sweden’s orthodox budget rules and her focus has primarily been on paying off public debt. The results of the assessment of intrinsic vulnerability, state of preparedness, and industry sector vulnerability can be translated into an overall assessement of a country's economic vulnerability and policy effectiveness. The addition of the key variables in Model 2 (Table 3) revealed as expected the predictive effect of economic vulnerability on all causes except for overconsumption. Filling the gaps in basic knowledge: There is a huge lack of knowledge of social & economic vulnerability ... † cause and effect Secondary The rich may have more to lose, but the poor are repeatedly the ones who suffer most, are more exposed to risk, and are living in unsafe places and in unsafe homes. In this paper, economic vulnerability is defined as the exposure of an economy to exogenous shocks, arising out of economic openness, while economic resilience is defined as the policy-induced ability of an economy to withstand or recover from the effects of such shocks. Frugality causes vulnerability. I will analyze the Aral sea disaster through the following lenses, first is political - harsh Soviet politics and transition to the market economy that had subsequently resulted in recession, second is socio-economic- impoverishment of the local communities, deterioration…, Ranging from the modernisation of a country to the experience of small islands that threatened by rises of the sea level, most countries including developed countries somehow vulnerable to climate change. This disease does not only affect lower ladder people in the corporate ladder but also top level management. A root cause of vulnerability is poverty. the balance between economic development, social inclusion and environmental sustainability to maximise wellbeing for all. tackling the root causes of vulnerability, such as poverty, poor governance, discrimination, inequality and inadequate access to resources and livelihoods. The New Oxford American Dictionary defines diversity as “a range of different things”, making the term applicable to social, economical and environmental aspects of today’s world. ASSESSING THE IMPACTS OF, AND VULNERABILITY AND ADAPTATION TO, CLIMATE CHANGE 13 3.1 Information gathering – data, ... economic, political and personal conditions, and effects on their lives and ... cause thermal expansion of the oceans and in combination The severity of COVID-19 can vary hugely. Aids affect the persons morale, absenteeism and productivity. The paper briefly reviews the work already carried out on economic vulnerability and extends the research towards the development of a conceptual and methodological framework for the definition and measurement of economic resilience. Conclusions and opportunities for future work 77 7.1. The vulnerability evaluation index system of Tianjin urban economic system was established; entropy method was used to determine the weight of each evaluation index. In addition to the apparent difficulties of the disease the government…, a fast food restaurant menu, diversity is omnipresent. Physical, economic, social and political factors determine people’s level of vulnerability and the extent of their capacity to … The first two papers focus on the causes of economic vulnerability. Population Growth and Distribution socio-economic causes of vulnerability 57 5.5. Ask the participants to think of different factors of vulnerability, write them on … This demonstrates that it also relates to consequences or actions taken by the society (Parsons, 2014). Identifying the recommendations to reduce coastal hazard vulnerability 65 6. Literature from this perspective focuses on the multidimensionality of poverty and encourages the … This leads us to the economic debate in the wake of the pandemic. 4). Vulnerabilities in widely used software and hardware can cause immense societal harm across the globe. & economic vulnerability in Europe: projects address this and redress the balance with respect to studies from other continents. The risks and vulnerability reduction framework can also be described by four dimensions [] such as the government system, attribute of concern, hazard, and temporal reference.This type of framework is used to describe the system of analysis that refers to the coupled human–environment system, a population group, an economic sector, a geographical region, or a natural system. Frugality causes vulnerability This leads us to the economic debate in the wake of the pandemic. The places they live in have poorer services and levels of support. EXECUTIVE SUMMARY. Tackling the Vulnerability to Economic Crisis June 9, 2017 by Pablo Bejar Leave a Comment For Latin Americans, there are few memories as nightmarish as the “lost decade” of the 1980s, with its flagging growth and soaring levels of foreign debt, inflation and unemployment. between social vulnerability and economic vulnerability (Alwang et al., 2001). 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