The world is witnessing the paradox of simultaneous increase in income and insecurity. According to available data, global average per capita income has increased in recent decades, while at the same time actual and perceived insecurity has also increased. This paradox is true for both developed and developing countries. However, the concrete form and causes of insecurity differs across these two groups of countries. To the extent that income levels in many developing countries are very low, economic insecurity in these countries takes a starker and chronic form.
In Financing for Overcoming Economic Insecurity, leading experts examine the causes and consequences of rising economic insecurity and policy measures that can be adopted to overcome insecurity. The volume contains papers addressing issues of economic insecurity pertaining to both developed and developing countries and caused by both economic factors and natural hazards. It also discusses the issues at both macro and micro levels. The volume's focus on policy measures, such as redistribution and reinvestment of profit income in developed countries and imposition of capital control and promotion of micro insurance in developing countries, should be of much help to policymakers as well as researchers.
Nazrul Islam is the Chief of the Global Economic Monitoring Unit of the Development Policy Analysis Division (DPAD) of the Department of Economic and Social Affairs (DESA) of the United Nations and a Research Fellow of the International Centre for the Study of East Asian Development (ICSEAD), Kitakyushu, Japan. Rob Vos is currently the Director of Director of the Gender, Equity and Rural Employment Division of the Food and Agriculture Organization (FAO) in Rome. Previously he was the Director of the Development Policy and Analysis Division (DPAD) at the Department of Economic and Social Affairs (DESA) of the United Nations.
List of Tables and Figures Preface About the Editors About the Contributors Chapter 1 Introduction Rob Vos and Nazrul Islam Chapter 2 Globalization, Offshoring and Economic Insecurity in Industrialized Countries William Milberg and Deborah Winkler Chapter 3 Managing Financial Instability in Developing Countries: Why Prudence is not Enough Yilmaz Akyuz Chapter 4 Insurance, Credit and Safety Nets for the Poor in a World of Risk Daniel Clarke and Stefan Dercon Chapter 5 Assessing the Success of Microinsurance Programmes in Meeting the Insurance Needs of the Poor Paul Mosley Chapter 6 Assessing the Insurance Role of Microsavings David Hulme, Karen Moore and Armando Barrientos Chapter 7 Can Microfinance Reduce Economic Insecurity and Poverty? By How Much and How? Nazrul Islam Chapter 8 Insurance against Losses from Natural Disasters in Developing Countries Joanne Linnerooth-Bayer and Reinhard Mechler Index