Insurance Against Poverty by Stefan Dercon
Look inside with Google Book Preview
Insurance Against Poverty
By Stefan Dercon

Insurance Against Poverty

Edited by See other recent books by Stefan Dercon
Format: Hardback

Normal Price: $226.95
Your Price: $204.26 AUD, inc. GST
Shipping: $7.95 per order
You Save: $22.69! (10% off normal price)
Plus...earn $10.21 in Boomerang Bucks
Availability: Available Available to Backorder, No Due Date for Supply



Insurance Against Poverty by Stefan Dercon

Book Description

Poor people in developing countries are often affected by droughts, floods, illness, crop failure, job loss, and economic downturns. Much of their energy goes into coping with these shocks and into day-to-day survival. While insurance and credit markets, combined with widespread social security, provide an important cushion against poverty in rich countries, the need for immediate survival may lock the poor into persistent poverty in developing countries. The poor in developing countries do have informal mechanisms to cope with risk and misfortune. These are based on income diversification, risk avoidance, self-insurance by saving together with family, and community-based mutual assistance. Nevertheless, the scope of these mechanisms remains limited. Repeated individual-specific shocks such as illness or pests, or covariate risks associated with drought, flood, or recession, undermine the ability of individuals and their families to cope with risk. We now know much more about vulnerability to risk and how poor people cope. Even more importantly, we have learned much about the large long-term consequences of these risks, which condemns many to persistent poverty and excludes them from economic growth. But there is much that can be done. The micro-level studies that underpin this book offer new insights on how effective public action could be more effective in protecting the vulnerable against persistent poverty. Policy should focus on providing a comprehensive menu of ex-ante and post-crisis protection mechanisms, including new forms of insurance, savings, safety nets, and the means to strengthen the poor's asset base. Local communities have a big role to play: public funds should not be used to replace indigenous community-based support networks; rather they should be used to build on the strengths of these networks to ensure broader and more effective protection. With numerous thematic chapters and case studies of both best practice and of failure, from a mix of low-income and middle-income countries across the developing world, this book evaluates alternatives in widening insurance and protection provision, and makes an important contribution to the topical field of insurance and risk.

Buy Insurance Against Poverty book by Stefan Dercon from Australia's Online Bookstore, Boomerang Books.


Book Details

ISBN: 9780199276837
ISBN-10: 0199276838
Format: Hardback
(240mm x 162mm x 30mm)
Pages: 488
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 11-Nov-2004
Country of Publication: United Kingdom

Books By Author Stefan Dercon

Dull Disasters? by Stefan Dercon Dull Disasters?, Hardback (July 2016)

Shows how countries and international agencies can better prepare for natural disasters such as typhoons, earthquakes, floods, and drought.

» View all books by Stefan Dercon

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Insurance Against Poverty book by Stefan Dercon and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write a book review


Author Biography - Stefan Dercon

Stefan Dercon is a University Lecturer at the University of Oxford, and has been Professor in Development Economics at the Katholieke Universiteit Leuven, Belgium, a Research Officer at the centre of the Study of African Economies, a Research Fellow at Nuffield College, Oxford, and a Visiting Professor at the University of Addis Ababa, Ethiopia.

Boomerang Bucks close

For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.

Recent books by Stefan Dercon close
Dull Disasters? by Stefan Dercon
»
BoomerangBooks.com.au close