Summary |
The acceleration of industrial activity on a global scale creates new magnitudes and categories of risk-the most obvious of them being the environmental risks. Responses to these perils need to be found quickly, bearing in mind that for many new risks recourse to the time-tested trial-and –error method is not feasible. Modern Risk Management demands a change in attitudes and perceptions, involving great efforts in foresight, rational planning, organisation and co-ordination. Our industrial culture demands in fact no less than a new risk management culture.
In his new book, the author pleads emphatically for the development of such culture in African and other developing countries. On the basis of experiences in his own country, he discusses the nature of risks associated with a wide range of economic activities and draws attention to possibilities to prevent and reduce them. His approach takes full account of the multi-dimensional nature of effective risk management. As usual, his book is clear, straightforward, to the point, and full of relevant examples. In addition, it is interesting and entertaining to read, a fact which should never be considered as a drawback to scholarly work. The author’s proposals, reflecting his long experience in insurance and related fields, and his deep concern as a citizen of Africa, merit serious consideration.
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