![]() Source: takkun/ShutterstockÄespite currently increasing the exposure of assets in hazard prone areas, globalized economic development provides an opportunity to build resilience if properly managed. This has increased vulnerability to disasters in some cases, whilst increasing exposure to hazards in others as more (and often more valuable) assets are developed in hazard-prone areas. Globalized economic development has resulted in increased polarization between the rich and poor on a global scale.
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