Social Risk Management –World Bank Discussion Paper- Sambal member upload

Social Risk Management –World Bank Discussion Paper “Social risk management” (SRM) looks at poverty, risk, and risk management in new way Holzmann and Jorgensen (1999) coined the phrase “social risk management. It refers to the social manageme

BY: Manoj Kumar
Original Source / Author: Social Protection Advisory Service, World Bank 07 Dec, 2017
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Social Risk Management –World Bank Discussion Paper

“Social risk management” (SRM) looks at poverty, risk, and risk management in new way  Holzmann and Jorgensen (1999) coined the phrase “social risk management. It refers to the social management of risks - how society manages risks. SRM includes the broad range of formal and informal proactive and reactive risk management strategies by individuals, communities, nations and communities of nations. From a SRM perspective, social protection addresses how vulnerable households can be helped to manage risks and become less susceptible to welfare losses.

This paper is based on the selected review the several disciplines. It has been examined how they define and measure vulnerability. The disciplines include economics, sociology/anthropology, disaster management, environmental science, and health/nutrition. This paper was developed with a view to stimulate thinking and discussions about vulnerability, and reach at clearer definitions and measures.  Of vulnerability.  In general, focus is either on the risks (at one extreme) or the underlying conditions (or outcomes) at the other.. Vulnerability begins with a notion of risk. Risk is characterized by a known or unknown probability distribution of events
 

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