Thursday 6 December 2018

How To Deal With Natural And Financial Crisis

By Amy Butler


During the early times, man always had to bear the suddenness of unforeseen fortuitous event. Storms, volcanic eruptions and other calamitous occurrences brought about by the force of nature were always disastrous and have a very adverse effect on humans. No more is this more greatly than in present times as the world condition has deteriorated because of human activities. Business is not exempted from this phenomenon and top executives are safer in the environment with the help of Crisis Management services.

Governments all over the world today are confronted with an ever increasing number of crisis involving unexpected threats. These can spread across borders and can cause an economic breakdown. Studies highlight the fact that there are interconnected vulnerabilities on a global scale. Fiscal or financial crises have made national leaders become more aware of its effects on the economy, social system, and political stability.

Modern day crisis requires the involvement of the general populace above the call of duty provided by emergency teams. There has to be good communication and coordination to lessen the impact. This really is the reason why governments all over world instituted disaster management councils to effectively manage and coordinate measures during natural or financial calamities. These agencies are responsible for giving the right response during these times.

In recent decades, the world has experienced a series of deadly catastrophes wrought by natural forces. This has posed a serious challenge to governments and disaster managers because of its sudden occurrence and unforeseen circumstances that exposed the failure in communication. One of the more recent ones which had a tragic effect was the tsunami that crippled a city in Japan and along with it, a nuclear facility was compromised.

The occurrences mentioned in the previous paragraph deeply differs from events in the past. First, they were unprecedented in scale, erasing cities and entire towns. Second, these had no comparable examples from the past. Third, these came in deadly combinations like the tsunami and earthquake. The last and most ominous is that it affected several countries.

These various natural calamities have scholars thinking that the twenty first century is will most likely experience more and more damaging and costly disasters. Societies have transformed not only more interconnected and complex but are also becoming more exposed and vulnerable to new and varying threats that will emerge and quickly spread across borders and oceans.

In addition to the above, the role of national authorities is now changing towards more participation from the citizenry and media outlets. While risk reduction management will retain their usual responsibility, the increased role of the private sector and the decentralization of mitigating measures have reduced the capability of civilian authorities. They have to initiate straightforward actions that can prevent risks in critical sectors for a well functioning society.

There also are changes in the responsibilities of crisis managers. The current environment of global complexity poses a serious problem for them especially at the level of government and private agencies. The ever changing scene demands adaptability of procedures, tools, structures, and equipment to address destructive occurrences in a new form. In present times they have to confront the things that will be mentioned in the next paragraph.

First is having to contend with the unknown. There is nobody who can predict events. Second is contending with governmental agencies, other nations, and international organizations. The third is having to deal with the lessened capacity of national and local authorities as a result of decentralized policies. Fourth is the entrance of new associations having different views and agenda. Fifth is the close monitoring of the public and media through the web service and last is the high expectation of the general public.




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