Risk Governance Strategy for Global Critical Infrastructure under Threat of Natural Disasters

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Focusing on global critical infrastructure such as ports and harbors which have a hub-function in international trade networks, risk governance strategies are analyzed as an interdependent security problem. A theoretical framework to analyze the risk government strategies is proposed and an methodology to conduct an empirical analysis is developed. As a case study, the Strait of Malacca is focused and comprehensive analysis including economic impact of the stoppage of the navigation in the strait is analyzed. Based on the result of the analysis, recommendations to improve the risk governancein the Strait of Malacca are proposed.