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This paper investigates the link between development, economic growth, and the economic losses from natural disasters in a normative analytical framework, with an illustration on hurricane flood risks in New Orleans. It concludes that, where capital accumulates through increased density of capital at risk in a given area, it is optimal for (i) the probability of disaster occurrence to decrease with income; (ii) the capital at risk - and thus the economic losses in case of disaster - to increase faster than economic growth; (iii) the average annual losses to grow faster than income at low levels of development and slower than income at high levels of development. In that case, increasing risk-taking reinforces economic growth, and improving protections transfer risks from frequent low-intensity events to rarer high-impact events. These findings are robust to a broad range of modeling choices and parameter values, and to the inclusion of risk aversion. Risk-taking is both a driver and a consequence of economic development, and should not be indiscriminately suppressed. The observation of a trend in disaster losses should not be confused with the presence of excessive risk taking. In a descriptive framework, suboptimal decision-making (the introduction of prospect theory's decision weights, biases in risk perception and myopic expectations) may amplify these trends and lead to excessive or insufficient risk taking. In all instances, the world is very likely to experience fewer but more costly disasters in the future. -- Development ; Economic Growth ; Risk ; Natural Disaster ; Economic Losses.

Development economics.

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In his new book, Poverty and Progress: Realities and Myths about Global Poverty, renowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress. Unique among books that have emerged in recent years on world poverty, Poverty and Progress directly confronts intellectual fads of the West and dismantles a wide range of myths that have obscured an astounding achievement: the unprecedented spread of economic progress around the world that is eliminating the scourge of mass pover

Poverty. --- Economic development. --- Development economics.

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Social Sciences and Humanities. Development Studies --- Development Economics. --- Economic development.

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One of a series of pocket-sized books that provide a quick reference to development data on different topics, 'The Little Data Book on Private Sector Development 2013' provides data for more than 20 key indicators on the business environment and private sector development in a single page for each of the World Bank member countries and other economies with populations of more than 30,000. These more than 200 country pages are supplemented by aggregate data for regional and income groupings.

BUSINESS & ECONOMICS --- Finance / General --- Economic development. --- Development economics. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic development

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Analyzes quantitatively in a comprehensive, consistent, and integrated manner the production structure and productivity of postwar Japanese agriculture for the latter half of the 20th century, more specifically, 1957-97.

Regional economics. --- Spatial economics. --- Development economics. --- Environmental economics. --- Environmental policy. --- Macroeconomics. --- Agriculture. --- Regional/Spatial Science. --- Development Economics. --- Environmental Economics. --- Environmental Politics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Agriculture.