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Root Cause

Prioritizing individual profits

When maximizing profit is prioritized over investing in preparation and responses for disasters, this can increase risk.

Prioritizing economic gain is a common approach of people and governments worldwide; however, when the main focus is on maximizing profits, that often minimizes social and environmental responsibility. When it comes to disasters, this can translate into increased risk. Occasionally, the prioritization of profits supersedes security concerns, thus increasing risk in the lead-up to a disaster. In addition, decisions to adopt more effective disaster risk management options are often declined for budgetary reasons, indicating the need for more cost-effective solutions. The importance of disaster risk reduction in comparison to economic considerations needs to be assessed. Cost-benefit analyses must be done that consider the future costs to the system as a whole and not only the immediate concerns of individuals.