The present document contains a discussion of the importance of mainstreaming the concept of disaster risk in the development process in order to address the challenges of disaster risks. It also contains an assessment of the prospects and constraints in mainstreaming disaster risk in the development process and a discussion on relevant strategy and policy options. The document puts forward the case for prioritizing social vulnerability to disasters and investing in social sectors as part of recovery and reconstruction efforts for long-term inclusive development. The outcomes of the Fourth Asian Ministerial Conference on Disaster Risk Reduction, which was held in Incheon, Republic of Korea, from 25 to 28 October 2010, are highlighted, and consideration is given to ways in which disaster risk reduction could be prioritized and mainstreamed in social and economic development planning processes.