Managing Risk to Increase Efficiency and Reduce Poverty
Uninsured risks remain extensive in agriculture and rural life--and unabated, they have substantial efficiency and welfare costs. They perpetuate rural poverty and are a continuing source of new poor. Indeed, they remain a major cause of under-investment and mis-investment in agriculture. While there is a wide range of highly innovative new approaches, these are largely untested. More experimentation and systematic evaluation of innovations such as risk-reducing technology, privately-provided market insurance and safety net programs remain a priority in using agriculture for development.
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| Language: | English |
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Washington, DC: World Bank
2008
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| Subjects: | World Development Report 2008, |
| Online Access: | http://hdl.handle.net/10986/9165 |
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| Summary: | Uninsured risks remain extensive in agriculture and rural life--and unabated, they have substantial efficiency and welfare costs. They perpetuate rural poverty and are a continuing source of new poor. Indeed, they remain a major cause of under-investment and mis-investment in agriculture. While there is a wide range of highly innovative new approaches, these are largely untested. More experimentation and systematic evaluation of innovations such as risk-reducing technology, privately-provided market insurance and safety net programs remain a priority in using agriculture for development. |
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