According to the authors, knowing about informal risk-sharing institutions is important for understanding the determinants of the well-being of poor people in developing countries. Formal credit and insurance markets are less widespread than in developed countries, and publicly provided social...

This book investigates the relationships between rural poverty, risk, and development. Building upon the author's work in the area, it summarises the contributions of recent theoretical and empirical work to our understanding of how risk affects rural poverty levels in developing countries. In...