Author(s): Rob Vos
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.
Distinguished Contributors Draws from latest research with new approaches to questions of human security.
Before joining the UN, he was a Professor of Finance and Development at the Institute of Social Studies, The Hague, and Professor of Development Economics at the Free University Amsterdam. He has also worked as a senior economist at the Inter-American Development Bank where he co-founded the Inter-American Institute for Social Development (INDES) and initiated the programme on improving surveys of living conditions in Latin America (MECOVI). His most recent books include Uneven Economic Development (with Jose Antonio Ocampo); Growth Divergences (with with Jose Antonio Ocampo and K.S Jomo), Who gains from Free Trade in Latin America?, and Illusions and Disillusions with Pro-Poor Growth. Rob Vos is a national of the Netherlands and has a Ph.D in Economics from the Free University Amsterdam.
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?