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"In recent decades, the intensification of unpredictable events including the Covid-19 outbreak, Brexit, trade warfare, religion-inspired terrorism and civil wars, and climate change has resulted in serious loss of human lives and property, a decrease in biodiversity and natural hazards (with long-term negative impacts on environment), and impeded social and economic development. Economics and Engineering of Unpredictable Events: Modelling, Planning and Policies provides an integrated view of the management of unpredictable events incorporating three major perspectives: economic management, environmental planning and engineering models. Contributors from economics, planning, regional science, and engineering address key questions including; How resilient are human societies and their habitats? What should societies do to shift from being vulnerable to being more resilient? And what role should planning and policies play to protect communities and the natural environment? The chapters cover academic debates, conceptual reflections, case studies, methods, and strategy development with particular reference to mitigation and adaptation in face of unpredictable events. This book is of particular interest to readers of economic policy, urban and regional planning and engineering."

AbstractThe relation between social capital and socio‐economic wealth is a highly debated topic in development studies. This article aims at investigating the relationship between personal wealth and trust. It combines social capital with social categorization theory through a structural equation model based on a data set of over 1000 observations collected in the Republic of Latvia, on the basis of stratified sampling, in 2010, in the wake of a deep financial and economic crisis. Main results suggest evidence of an indirect relationship between wealth and interpersonal trust, with institutional trust and social engagement as mediating factors. This evidence is tested for residence place dimensions, ethno‐linguistic affiliation, education and income. Main results hold for poorer, less educated and rural respondents, whereas significant discrepancies arise for urban respondents. Finally, results highlight the interplay of socio‐economic dimensions and social and cultural identity. This suggests the existence of different dynamics of social capital accumulation at play, depending on various socio‐demographic and socio‐economic dimensions.