Preparing for High-Impact, Low-Probability Events: Lessons from Eyjafjallajökull

Preparing for High-Impact, Low-Probability Events: Lessons from Eyjafjallajökull

Bernice Lee , Felix Preston , Gemma Green
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2012 · English · Paperback
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Description

The frequency of "high-impact, low-probability" (HILP) events in the last decade—such as Hurricane Katrina, the Tohoku earthquake and tsunami, and major floods in Pakistan and Thailand—signals the emergence of a new "normal." In a world of globalized production and optimized supply chains, the impacts of HILP events spread rapidly and are felt on an international scale. This report examines the effects of the volcanic ash cloud that spread across Europe in April 2010 and draws lessons for other HILP events. It considers whether governments and the private sector are sufficiently prepared, how the global economy could be made more resilient, and the role of communications in a crisis.

Book Details

Format Paperback
Pages 56 pages
Language English
Published Jun 1, 2012
Publisher Chatham House
ISBN-10 186203253X
ISBN-13 9781862032538
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