Albala-Bertrand, Jose Miguel - School of Economics and Finance, Queen Mary - 2006
This paper attempts to show why it is highly unlikely that a disaster can become a catastrophe. We first put forward an … endogenous processes. We then show that the effect of current globalization on vulnerability seems to be double-edged. It may … the possibility of a catastrophe. It is therefore, difficult to imagine a realistic scenario in which a disaster could …