In current academic world, disasters are seen as the result of improperly managed risk. These risks are the product of a combination of both hazard/s and vulnerability. Hazards that strike in areas with low helplessness are not considered a disaster.

Developing countries experience the maximum costs when a disaster hits – more than 95 percent of all deaths caused by disasters occur in developing countries, and losses due to natural disasters are 20 times greater (as a fraction of GDP) in developing countries than in industrialized countries.

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