Information and Communication Technologies Role in Risk Analysis and Risk Management

Sevdana Docheva

Ikonomiceski i Sotsialni Alternativi, 2014, issue 1, 72-85

Abstract: Although the category of “risk” is among the key words of our time, the theory in this sphere seems to lag behind, using outdated concepts of risk and risk management methods and instruments. The specifics of contemporary (to a large extent global) risks require that different aspects of globalization be included in the thinking about risk. Therefore, information and communication technologies (ICTs) are of special importance, as their interconnection with globalization is undeniable. Whereas ICTs can undoubtedly be viewed as a new risk factor, it is logical to rethink whether and to what extent they can be used as instruments for addressing new risks. This is why this paper examines the place of ICTs in the conceptual frameworks for risk analysis and management through several lenses. First, the role of ICTs on the separate stages of the risk analysis and management models was reviewed, where a special attention has been paid to the phase of risk communication. This was done on the basis of the frames set by the International Risk Governance Council model and the DPSIR model. Then, the discussion on the ICTs role was deepened by addressing the question of political control. In conclusion, directions for future research were outlined

JEL-codes: F59 O33 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2014:i:1:p:72-85

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