Setting an Agenda for Entrepreneurial Governments: A Global Baseline Assessment of Disaster Risk Reduction Investment
Disaster risk reduction imperative must be seen as investment that will generate dividends. Under the auspice of the Sendai Framework for disaster risk reduction governments around the world and the international community are urged to develop strategies to reduce mortality and disaster losses, amongst these strategies is an investment in disaster risk reduction. This research aims to develop a baseline of the scale of investment in disaster risk reduction worldwide. A total of 222 countries and territories is being included in this study to assess their level of investment in disaster risk reduction. We define disaster risk reduction investment as an aggregation of three variables, namely financial investment, social investment and early warning system investment. The study generated index to indicate the respective countries degree of disaster risk reduction investment. The findings show that that investment in disaster risk reduction remains higher in OECD countries compared to middle and low-income countries. Insights from our research suggests that the concept of entrepreneurial government is needed in order to be more ambitious in tigering, facilitating and initiating investment in disaster risk reduction.