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PRINTED FROM the OXFORD RESEARCH ENCYCLOPEDIA, NATURAL HAZARD SCIENCE (oxfordre.com/naturalhazardscience). (c) Oxford University Press USA, 2020. All Rights Reserved. Personal use only; commercial use is strictly prohibited (for details see Privacy Policy and Legal Notice).

date: 05 August 2020

Summary and Keywords

The level of interest in public–private partnerships (P3s) is growing—along with supporting literature—and applications are expanding to include new areas where industry supplements public investments in return for measurable rewards. In what follows are timely observations to support P3 operating principles for natural hazards governance—working as an integrated team, sharing innovations, solving technical and operational problems, and engaging in voluntary associations to creatively solve problems.

P3s involve voluntary collaboration to achieve common goals and financial benefit. In a globalized economy with highly interconnected systems, this spirit of innovation, sense of personal responsibility, and vision for collective partnerships can be seen throughout the world in the application of P3s. The impact and efficacy of P3s is not just realized in the pursuit of economic, security, safety, social, and environmental goals, but also in establishing integrated governance policies to contend with the persistent vulnerabilities of natural hazards.

The emerging world of P3s and natural hazards governance can be illustrated by three real-world examples: (1) a catastrophic regional natural disaster; (2) an urban research-study focused on the measurement of critical infrastructure resilience; and (3) a summary of transportation systems in the unique environment of maritime ports. From these case studies, and a diverse selection of references, it highlights key findings that will benefit future research, critical analysis, and policy application, including academic value, integrated participation, evidence-based metrics, smart resilience, and future innovation.

Keywords: public private partnerships, natural hazards, governance, globalization, technology, disasters, public policy, interagency coordination, resilience, critical infrastructure, interdependencies, emergency response, superstorm sandy, critical infrastructure security & resilience, disaster management, collaborative exercise (CALEX), maritime ports, maritime shipping, maritime industry, intermodal transportation, Department of Homeland Security (DHS), Federal Emergency Management Administration (FEMA).

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