Here is the synopsis of our sample research paper on Review of “Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies”. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 16 page paper reviewing this article (Journal of Economic Perspectives, Summer 1995) examining trends in consumption insurance in selected regions of India, Thailand and the Ivory Coast. The author maintains that the availability of better insurance can result in marked improvement in the condition of farmers in developing countries, and that improved financial systems can be beneficial to farmers in creating passive incomes as well as providing means of protecting the assets they have worked so hard to accumulate. The author’s results and conclusions appear to be valid to the degree that they can be explained in terms of his theory of full insurance, but his discovery of facts uncovered leads to opportunities for further research; inclusion of a qualitative component; and consideration of the situation in developed economies where insurance is becoming less accessible to increasing numbers of households. Bibliography lists 8 sources.
Page Count:
16 pages (~225 words per page)
File: CC6_KSeconInsurRev.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
In "Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies" (Journal of Economic Perspectives, Summer 1995), Robert M. Townsend reviews trends in consumption insurance
in selected regions of India, Thailand and the Ivory Coast. The author maintains that the availability of better insurance can result in marked improvement in the condition of farmers
in developing countries, and that improved financial systems can be beneficial to farmers in creating passive incomes as well as providing means of protecting the assets they have worked so
hard to accumulate. Townsend (1995) seeks to develop a theoretical framework to test the degree of consumption smoothing present in these three local
economies. The authors results and conclusions appear to be valid to the degree that they can be explained in terms of his theory of full insurance, but his discovery
of facts uncovered leads to opportunities for further research; inclusion of a qualitative component; and consideration of the situation in developed economies where insurance is becoming less accessible to increasing
numbers of households. Practical Framework Townsend (1995) identifies three questions that can be used to frame the larger issue of whether insurance against
various calamities can provide protection against loss of income or property in low-income developing nations. The author first asks how insurable these risks might be, considering first on what
level they originate. Losses confined to the household or local area will differ from those that occur on a larger scale, whether regional or national. Townsend (1995) sees
losses confined to the individual or household as being more feasible for insurance protection. The second question that Townsend (1995) identifies centers on
...