Poor people in developing countries are often affected by droughts, floods, illness, crop failure, job loss, and economic downturns. Informal insurance mechanisms provide some protection, but are weak in the face of major or recurring calamities. Most people cannot obtain formal insurance, and the lack of insurance and social protection therefore constrains investment, growth, and poverty reduction. Public action to remedy this deficiency is merited, but what form should it take? This book evaluates alternatives in widening insurance and social protection provision, including sustainability...
Poor people in developing countries are often affected by droughts, floods, illness, crop failure, job loss, and economic downturns. Informal insuranc...
In recent years, typhoons have struck the Philippines and Vanuatu; earthquakes have rocked Haiti, Pakistan, and Nepal; floods have swept through Pakistan and Mozambique; droughts have hit Ethiopia, Kenya, and Somalia; and more. All led to loss of life and loss of livelihoods, and recovery will take years. One of the likely effects of climate change is to increase the likelihood of the type of extreme weather events that seems to cause these disasters. But do extreme events have to turn into disasters with huge loss of life and suffering? Dull Disasters? harnesses lessons from finance,...
In recent years, typhoons have struck the Philippines and Vanuatu; earthquakes have rocked Haiti, Pakistan, and Nepal; floods have swept through Pakis...
