Download or read book World Development Report 2014 written by World Bank and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrates that effective risk management can be a powerful instrument for development - it can save lives, avert economic shocks, and help people build better, more secure futures. Calls for individuals and institutions to move from being "crisis fighters" to becoming "proactive and systematic risk managers." Shows that there is substantial evidence that recognizing and preparing for risk can pay off abundantly : for instance, many developing countries displayed resilience in the face of the recent global financial crisis because they had previously reformed their macroeconomic, financial, and social policies.