New Risk Management Study Findings Have Been Reported by Investigators at Overseas Development Institute (Sustaining Escapes From Poverty): Risk Management

2022 JUL 08 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Researchers detail new data in Risk Management. According to news reporting out of London, United Kingdom, by NewsRx editors, research stated, “The objectives of this research are to identify the difference between sustained and temporary poverty escapes for policy and program design, based on research in Bangladesh, Cambodia, Ethiopia, Kenya, Malawi, Nepal, Niger, the Philippines, Rwanda, Tanzania, and Uganda. The method adopted is the q squared method used in studies on the dynamics of poverty, embedded in a conceptual extension of the capability approach through a risk chain analysis.”

Funders for this research include Economic & Social Research Council (ESRC), United States Agency for International Development (USAID), UK Department for International Development, (Commonwealth and Development Office).

Our news journalists obtained a quote from the research from Overseas Development Institute, “The results show that key livelihood factors conducive to sustained escapes include diversification of economic activities typically spanning agricultural and off-farm sectors, and sometimes involving rural-urban migration. Important tangible assets include general asset holdings of consumer durables, farm or business equipment, livestock, and electricity. Intangible assets include the completion of at least lower secondary education of the household head, good health, and different forms of social relationships and networks. However, while livelihood strategies help improve income and build assets necessary for resilience, various risks permeate. In these risky contexts, the study finds that the enabling environment is critical in determining whether households can ultimately sustain escapes from poverty. Interactive features of this environment that are conducive to sustained escapes include context-specific pro-poor policy and infrastructure, for example around livestock insurance, climate-smart agriculture alongside predictable disaster risk management, universal health coverage, and supporting a negotiated approach to norm change. Together, these features place an emphasis on collective risk management, beyond a focus only or even primarily on inclusive growth policies.”

According to the news editors, the research concluded: “The paper argues that it is essential to understand the circumstances in which people live, from the local (micro) up to the societal (macro) contexts that can influence their ability to sustain a poverty escape, and respond in ways that together address the multifaceted sources of risk and vulnerability, which in turn allows for the less interrupted development of people’s capabilities.(.”

This research has been peer-reviewed.

For more information on this research see: Sustaining Escapes From Poverty. World Development, 2022;151. World Development can be contacted at: Pergamon-elsevier Science Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, England. (Elsevier - www.elsevier.com; World Development - http://www.journals.elsevier.com/world-development/)

Our news journalists report that additional information may be obtained by contacting Vidya Diwakar, Overseas Development Institute, 203 Blackfriars Rd, London SE1 8NJ, United Kingdom.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.worlddev.2021.105611. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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