New Orleans and Risk Management

Paper Summary:

This paper discusses the need to be prepared for floods in New Orleans. The writer argues that the people of New Orleans should have been more prepared for Hurricane Katrina. The paper also argues that they should also be using the precautionary principle. The paper suggests that it was economic interests that caused the problems.

From the Paper:

"New Orleans and Risk Management On August 29^th 2005 Hurricane Katrina hit New Orleans causing tremendous property damage and the loss of human life (Foti A.1). The flooding that resulted from the hurricane was not totally unexpected by many people. If people knew that flooding was a real possibility why did they not prepare better or live in another city? The answers to these questions are not easy to determine. From a straight forward logical position it would seem that living in New Orleans was extremely risky. The entire area is surrounded by water and levee systems are used to control flooding."

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