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Developed and developing nations alike face low-probability but high-consequence exogenous shocks, including ice storms, chemical spills, terrorist attacks, and regional blackouts. Recently, -natural‖ disasters have dominated the airwaves; mega-catastrophes that claim more than 1,000 lives have become an almost yearly occurrence. In 2010, the Haiti and Chile earthquakes killed more than 200,000 people between them and felt all too familiar to many observers in the West. Before them were Cyclonedoi:10.1017/s1537592710003294 fatcat:zfcicerkknh6dgrbhmhrgfhuee