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1. Globalized
Economic
Development

2. Globalized Economic
Development
Globalized Economic Development results in
an increased polarization between the rich
and poor on a global scale. Currently
increasing the exposure of assets in hazard
prone areas, globalized economic
development provides a opportunity to build
resilience if effectively managed. By
participating in risk- sensitive development
strategies such as investing in protective
infrastructure, environmental management,
and upgrading informal settlements, risk can
he reduced. Dominance and increase of
wealth in certain regions and cities are
expected to have increased hazard exposure