(1) Explain how (and why) government's public safety institutions, private business, and communities (aka “the public) are often mutually dependent on one another in the identification and assessment of risk. In what way[s] can a failure of RIA systems adversely affect all three stakeholders? Illustrate, using a practical example (other than any of those already discussed elsewhere in the course).
Government's public safety institutions, private business, and communities (aka “the public) are often mutually dependent on one another in the identification and assessment of risk. Man is prone to make mistakes and he cannot also avert natural disasters. So he is prone to be affected by both manmade and natural hazards. Effective and Disaster Risk assessment and mitigation strategies and action plans are formed on a good and sound understanding of the issue of the risks and disasters which involves a joint venture from all the stakeholders of the country including government, private business and communities. Regulatory Business Environment is just like a Swimming Pool. To create a healthy, hygienic pool for businesses an institution must:
1.Clean the water in the swimming pool (the regulatory stock)
2.Filter fresh water coming in (assessment the regulatory flow)
3.Administer water quality and temperature (regulatory institutions)
Failure of RIA can cause serious setbacks for the stakeholders. In disaster risk assessment and migration, there is a need for a comprehensive understanding which can only be attained throughout an evidence-based DRA (Disaster Risk Assessments) that thinks about the risks, hazards and the physical, economic, social, and environmental defenselessness in addition to the ways in which these hazards, risks, and vulnerabilities change in the short run and long-run (www.gripweb.com).
(2) List and describe specific risk assessment resources that government risk mitigation authorities can and should share with commercial (economic) stakeholders in assessing (and, subsequently, reducing) the risk of natural disasters (wildfires, ...