Risk and Risk Regulation

Lukasz Gruszczynski

in Regulating Health and Environmental Risks under WTO Law

Published in print March 2010 | ISBN: 9780199578924
Published online May 2010 | e-ISBN: 9780191722646 | DOI:

Series: International Economic Law Series

 Risk and Risk Regulation

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This chapter offers a general discussion on risk and methods of its regulation. After a brief review of different definitions of risk, including technical and psychological perspectives, it briefly addresses historical changes in its conceptualization. The second part of the chapter concentrates on the issue of risk regulation. Again, a short historical account is combined with a more extensive discussion on contemporary regulatory methods for dealing with risk. The chapter identifies a model of risk analysis, which is composed of risk assessment, risk management, and risk communication, as a dominant regulatory approach. In this context, it also discusses the issue of uncertainty in a probabilistic risk assessment and strategies that are conventionally used to address it.

Keywords: risk; risk regulation; risk analysis; risk assessment; risk management; risk communication; risk society; uncertainty

Chapter.  13711 words.  Illustrated.

Subjects: Public International Law

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