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An asset-based approach to social risk management : a conceptual framework

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  • Siegel, Paul B.
  • Alwang, Jeffrey

Abstract

There is increasing concern about the vulnerability of poor and near-poor rural households, who have limited capabilities to manage risk and often resort to strategies that can lead to a vicious cycle of poverty. Household-related risk is ususally considered individual or private, but measures to manage risk are actually social or public in nature. Furthermore, various externality issues are associated with household-related risk, such as its links to economic development, poverty reduction, social cohesion, and environmental quality. Hence the need for a holistic approach to risk management, or"social risk management,"which encompasses a broad spectrum of private and public actions. An asset-based approach to social risk management is presented, which provides an integrated approach to considering household, community, and extra-community assets and risk-management strategies. The conceptual framework for social risk management focuses on rural Sub-Saharan Africa. The report concludes with several suggestions on moving from concepts to actions.

Suggested Citation

  • Siegel, Paul B. & Alwang, Jeffrey, 1999. "An asset-based approach to social risk management : a conceptual framework," Social Protection and Labor Policy and Technical Notes 21324, The World Bank.
  • Handle: RePEc:wbk:hdnspu:21324
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    Citations

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    Cited by:

    1. Siegel, Paul B. & Alwang, Jeff, 2004. "Export commodity production and broad-based rural development: coffee and cocoa in the Dominican Republic," Policy Research Working Paper Series 3306, The World Bank.
    2. Varangis, Panos & Siegel, Paul & Giovannucci, Daniele & Lewin, Bryan, 2003. "Dealing with the coffee crisis in Central America - impacts and strategies," Policy Research Working Paper Series 2993, The World Bank.
    3. Skees, Jerry & Varangis, Panos & Larson, Donald & Siegel, Paul, 2002. "Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks?," WIDER Working Paper Series 023, World Institute for Development Economic Research (UNU-WIDER).
    4. Romer Lovendal, Christian & Knowles, Marco, 2006. "Tomorrow's Hunger: A Framework for Analysing Vulnerability to Food Security," WIDER Working Paper Series 119, World Institute for Development Economic Research (UNU-WIDER).
    5. Robert Holzmann & Steen Jørgensen, 2001. "Social Risk Management: A New Conceptual Framework for Social Protection, and Beyond," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 8(4), pages 529-556, August.
    6. Paula Kantor & Padmaja Nair, 2003. "Risks and responses among the urban poor in India," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(8), pages 957-967.
    7. Steele, Diane, 2005. "Household vulnerability and children's activities : information needed from household surveys to measure their relationship," Social Protection and Labor Policy and Technical Notes 32748, The World Bank.
    8. Jutting, Johannes Paul, 2002. "Die neue Rolle von Sozialer Sicherung für ländliche Entwicklung in Entwicklungsländern," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 51(4).
    9. World Bank, 2003. "Timor-Leste Poverty Assessment : Poverty in a New Nation - Analysis for Action, Volume 2. Technical Report," World Bank Other Operational Studies 14817, The World Bank.
    10. Brown, Lynn & Gentilini, Ugo, 2006. "On the Edge: The Role of Food-based Safety Nets in Helping Vulnerable Households Manage Food Insecurity," WIDER Working Paper Series 111, World Institute for Development Economic Research (UNU-WIDER).
    11. Narayanan, Sudha & Gulati, Ashok, 2002. "Globalization and the smallholders," MSSD discussion papers 50, International Food Policy Research Institute (IFPRI).
    12. World Bank, 2015. "Afghanistan Poverty Status Update," World Bank Other Operational Studies 22917, The World Bank.
    13. Stephen Devereux, 2001. "Sen's Entitlement Approach: Critiques and Counter-critiques," Oxford Development Studies, Taylor & Francis Journals, vol. 29(3), pages 245-263.
    14. Alejandro de la Fuente, 2007. "Climate Shocks and their Impact on Assets," Human Development Occasional Papers (1992-2007) HDOCPA-2007-23, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    15. Anderson, Jock R., 2003. "Risk in rural development: challenges for managers and policy makers," Agricultural Systems, Elsevier, vol. 75(2-3), pages 161-197.
    16. Gentilini, Ugo, 2005. "Mainstreaming Safety Nets in the Social Protection Policy Agenda: A New Vision or the Same Old Perspective?," eJADE: electronic Journal of Agricultural and Development Economics, Food and Agriculture Organization, Agricultural and Development Economics Division, vol. 2(2).
    17. Jackeline Velazco & Vicente Pinilla, 2012. "Peasant households' acces to land and income diversification. The Peruvian-andean case 1998-2000," Documentos de Trabajo de la Sociedad Española de Historia Agraria 1205, Sociedad Española de Historia Agraria.
    18. Rashida Haq, 2012. "Shocks as a Source of Vulnerability: An Empirical Investigation from Pakistan," Poverty and Social Dynamics Paper Series 2012:06, Pakistan Institute of Development Economics.
    19. Skoufias, Emmanuel & Quisumbing, Agnes R., 2004. "Consumption insurance and vulnerability to poverty : a synthesis of the evidence from Bangladesh, Ethiopia, Mali, Mexico and Russia," Social Protection and Labor Policy and Technical Notes 29141, The World Bank.
    20. Jansen, Hans G.P. & Siegel, Paul B. & Pichón, Francisco, 2005. "Identifying the drivers of sustainable rural growth and poverty reduction in Honduras," DSGD discussion papers 19, International Food Policy Research Institute (IFPRI).
    21. World Bank, 2003. "Timor-Leste Poverty Assessment : Poverty in a New Nation - Analysis for Action, Volume 1. Main Report," World Bank Other Operational Studies 14435, The World Bank.

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