Risk mitigation activities and reducing the hazardous conditions under which a threat can materialize are the next step.

But this scenario failed to materialize.

Both Lehman Brothers and Tokyo Electric Power Company (TEPCO) were able to increase their profits as long as the risk they were willing to accept did not materialize.

But this generalized benefit has failed to materialize.

Three promising tracks will have to materialize rapidly.

Whether such plans materialize remains to be seen.

But that miracle will not materialize in Mainz.

Eventually, world pressure subsides and the freeze fails to materialize.

Unfortunately, these benefits did not materialize, or at least not everywhere.

But that despairing hope, uttered by a desperate Gazan, will not materialize.

Finally, there is a similar risk that Asia s terrestrial and maritime territorial disagreements (starting with the disputes between China and Japan) could escalate into outright military conflict. Such geopolitical risks were they to materialize would have a systemic economic and financial impact.

First, confidence and risk aversion are fickle, and bouts of renewed volatility may occur if macroeconomic and financial data were to surprise on the downside as they may if a near term and robust global recovery (which many people expect) does not materialize.

Even now they won t materialize overnight. But they are the real implications of Governor Zhou s remarks.

The threat from opposing militant forces who wanted to derail the electoral process failed to materialize.

Before the crisis, such ideas would have been dismissed out of hand. Even now they won t materialize overnight.

So it was right to start planning for a change of gear when the recovery started to materialize.

The Advisory Committee expects that any such savings as may materialize will be reflected in the performance report.

However, the full benefits of reform can only materialize over time, with further changes in mentality and modus operandi.

As a result, they have few skills that can be applied elsewhere if the job they expect fails to materialize.

Financial commitment refers to having a stable source of finance to sustain the process of organizational learning until the returns materialize.

Secondly, for this to materialize, and to enable developing counties to meet the MDGs, there was a need for development solidarity.

If we look at the spirit and the letter of this provision, the Security Council is definitely competent to analyse and monitor situations involving the risk of conflict or a breach of the peace anywhere in the world and to become actively involved in managing crises before conflict breaks out or threats materialize.

Trichet appeared to be calling for a pre emptive approach when he said, We must not allow second round effects to materialize.

Which of these two outcomes will materialize also depends on what happens inside Berlusconi s camp, and that is less easy to predict.

The prospect of its eventual demise is not a good reason to wait for some theoretical ideal of global balance to materialize.

One can only hope that the spill will be contained soon, and that the ever darkening worst case scenarios will not materialize.

Unfortunately, another lesson of the financial crisis is that most politicians are congenitally incapable of making difficult choices until risks actually materialize.

The transition to decentralized decision making and management of forests is likely to be costly, and the payoffs may not materialize immediately.

It is less reassuring that most Israelis and a large majority of Palestinians have lost hope that such a solution will ever materialize.

For an elected politician who is unlikely to be in office (or even alive) when the bigger costs materialize, the choice is clear.

Second, for this to materialize and to enable developing counties to meet the Millennium Development Goals, there was a need for development solidarity.

As the political scientist Guillermo O Donnell observed, democracy s flame can also be extinguished gradually when dreams of justice and social progress fail to materialize.

More generally, the potential benefits associated by commercial parties with a predictable internationally uniform liability regime may, in the longer run, fail to materialize.

GDP risk is a long term risk.

No one need know and thus no one can be held accountable when graduation rates rise but the hoped for economic benefits fail to materialize.

It is only through solidarity that the international community's duty and commitment to the sovereignty, independence, unity and territorial integrity of Haiti will fully materialize.

Recent initiatives by the international community offer hope that such an engagement can indeed materialize, to the mutual benefit of Africa and its development partners.

The longer energy prices remain at their current lofty levels, the greater the probability that inflationary expectations will increase and that second round effects will materialize.

It is anticipated that a wave of refugees and returning IDPs may materialize from other parts of Somalia, if the current peace process and rebuilding holds.

Consequently, and despite a further slowdown in the advanced countries during the 1990s, income gaps grew wider and convergence failed to materialize (UNCTAD, 1997 69 101).

The chief will be responsible for risk control of the Fund's investments as a whole in terms of portfolio risk, operational risk and compliance risk, and will plan and perform the oversight of performance measurement, investment risk analysis and operational risk analysis, including risk arising from sub adviser and service provider relationships.

Moreover, since early September, the potential benefits of cooperation now include avoiding an embarrassing credit rating downgrade next year if medium term fiscal reform does not materialize.

But at least four downside risks are likely to materialize this year, undermining global growth and eventually negatively affecting investor confidence and market valuations of risky assets.

As a result, sovereign risk is now becoming banking risk.

And I have to tell you that I thought I was writing an incredibly nerdy book about a subject everybody hates for an audience that would never materialize.