Managing Risk for Sustainable Development

Dear Colleagues,

Risk management is becoming a major challenge in the pursuit of social wellbeing for a variety of reasons, ranging from the increasing uncertainty on the future of the planet to the pervasive nature of risk externalities created by a hyperconnected global economy. Risk externalities appear especially difficult to control because of their nondepletable nature (they are not absorbed by any particular group of stakeholders) and because they appear to underlie many other direct externalities. This evolving condition of risk is thus a major challenge to the traditional notion implying a fully functioning market that allocates efficiently resources through decentralized private decision making. This notion of risk also suggests a new paradigm based on the disruptive nature of global uncertainties, demonstrated by the inexorable advance of climate change and by the explosion of the current pandemics. According to this paradigm, which is implicitly advancing as the main feature of a new bioeconomy, the evolution of the bio-ecosystem under the growing anthropogenic pressure breeds pervasive multilevel risks, which require entirely new approaches to modeling and designing economic policies.

This Special Issue focuses on the broad topic of “Risk Management for Sustainable Development” and includes novel research on the theory and the modeling of risk management in the context of policies aiming to achieve economic development within the new paradigm of a sustainable bioeconomy.

Theoretical and empirical articles that contribute to the issues within the broad field of risk mitigation and adaptation and focusing on the management of the bioeconomy and on the estimation, simulation, optimization, and calibration of related models are welcome.

Contributions focusing on multivariate or high-dimensional applications in today’s complex world, novel measures of economic and financial risks, including risk externalities linked to the environment and the management of the bioeconomy, are encouraged.

Prof. Dr. Pasquale Lucio Scandizzo
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

• risk
• externalities
• disruptive uncertainties
• climate change
• bioeconomy