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New Challenges in Critical Infrastructures : A US Perspective

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  • Erwann Michel-Kerjan

    (CECO - Laboratoire d'économétrie de l'École polytechnique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique)

Abstract

The emergence of a larger threat spectrum -terrorism, sabotage, local conflicts, political unrest, and natural disasters- combined with the growing globalization of economic activities, makes networks highly vulnerable. Rethinking national vulnerabilities requires the creation and the improvement of long-term public-private partnerships. The article discusses the US Presidential initiative launched in 1996 -the first initiative worldwide to put these issues on the top-level agenda- as well as the national structure of developed partnerships. It might constitute a starting point for other countries to develop their own national strategy, adapting it of course to their own national particularities.Terrorists attacks in 2001 show, however, that such an initiative constitutes nothing but a first step in a general process to build preparedness nationwide; America still remains highly vulnerable. I conclude with a few myths that must be confronted to deal more efficiently with these new large-scale risks at an international level.

Suggested Citation

  • Erwann Michel-Kerjan, 2003. "New Challenges in Critical Infrastructures : A US Perspective," Working Papers hal-00242947, HAL.
    • Handle: RePEc:hal:wpaper:hal-00242947
    Note: View the original document on HAL open archive server: https://hal.science/hal-00242947
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    References listed on IDEAS

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    1. Paul Slovic, 1993. "Perceived Risk, Trust, and Democracy," Risk Analysis, John Wiley & Sons, vol. 13(6), pages 675-682, December.
    2. Geoffrey Heal & Howard Kunreuther, 2003. "You Only Die Once: Managing Discrete Interdependent Risks," NBER Working Papers 9885, National Bureau of Economic Research, Inc.
    3. Kunreuther, Howard & Heal, Geoffrey, 2003. "Interdependent Security," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 231-249, March-May.
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    Cited by:

    1. Erwann Michel-Kerjan, 2003. "Terrorisme à grande échelle partage de risques et politiques publiques," Revue d'économie politique, Dalloz, vol. 113(5), pages 625-648.
    2. Dirk Wrede & Annemarie Will & Tim Linderkamp & Johann-Matthias Graf Schulenburg, 2017. "An Urban Crisis Management System for Critical Infrastructures: Participation Possibilities for Insurance Companies," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(4), pages 633-656, October.
    3. Ampratwum, Godslove & Osei-Kyei, Robert & Tam, Vivian W.Y., 2022. "Exploring the concept of public-private partnership in building critical infrastructure resilience against unexpected events: A systematic review," International Journal of Critical Infrastructure Protection, Elsevier, vol. 39(C).
    4. Howard Kunreuther & Erwann Michel-Kerjan & Beverly Porter, 2003. "Assessing, Managing, and Financing Extreme Events: Dealing with Terrorism," NBER Working Papers 10179, National Bureau of Economic Research, Inc.
    5. Olivier Godard, 2003. "Revisiting the precautionary principle under the light of 2002-2003 French and international events," Working Papers hal-00242979, HAL.

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