Financing for Overcoming Economic Insecurity

by Vos, Rob; Islam, Nazrul; Koparanova, Malinka; Vos, Rob

• ISBN13: 9781849665339
• ISBN10: 1849665338
• Format: Hardcover
• Copyright: 2015-05-07
• Publisher: Bloomsbury Academic

Summary

Despite the rise in recent decades in the average income level, economic insecurity has also increased. This paradoxical outcome is true for both developing and developed countries. Increasing economic insecurity is harmful for human welfare for several reasons. Job and income insecurity directly affect the material and psychological well being of people. Economic volatility and high uncertainty also tend to exert negative influence on productive investment, thereby hurting long-term development.   In view of the above, it is not surprising that there is a growing need among both scholars and policy makers to have a better understanding about the rising problem of economic insecurity and the steps that may be taken to mitigate it. This book is an important step forward in meeting this need. Written by leading experts this book sheds light on the causes of economic insecurity and how better functioning financial systems, more effective macroeconomic policies and extended micro-financing schemes could mitigate the degree of economic insecurity in developing countries and overcome many of its negative consequences.

Author Biography

Rob Vos is Director of the Development Policy and Analysis Division (DPAD), Department of Economic and Social Affairs of the United Nations (UN/DESA), and Affiliated Professor of Finance and Development, Erasmus University, Rotterdam.Manual F. Montes is Chief of Branch of the Development Policy and Analysis Division (DPAD), Department of Economic and Social Affairs of the United Nations (UN/DESA).

Table of Contents

Preface
Introduction
Managing Financial Instability: Why Prudence is Not Enough?
Globalization, Off-shoring, and Economic Insecurity in Industrialized Countries
Insurance Against Losses from Natural Disasters in Developing Countries
Assessing the Insurance Role of Microsavings
Assessing the Success of Microinsurance Programmes in Meeting Insurance Needs of the Poor
Insurance, Credit, and Safety Nets for the Poor in a World of Risk
Can Microinsurance Reduce Economic Insecurity and Poverty? By How Much and How?