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9781843764366

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`The book is very rigorous and follows a logical sequence. It will no doubt become the reference book on rural poverty, risk and development with the most relevant references of the literature, and extensive mathematical modeling where possible. Indeed, the book is a masterly review of risks facing the rural poor and it comes very timely with the renewed emphasis by donors and governments on rural poverty alleviation.' -- Eric Tollens, Quarterly Journal of International Agriculture `In Transforming Traditional Agriculture (1964), Theodore Schultz argued that tiny farmers in developing countries were efficient but poor , needing - and able to use - new technology to escape poverty. The successes of the Green Revolution have proved him half right; but why has this not reached over 800 million rural people still living on less than a dollar a day? Much-researched obstacles include: limits on the technology; deep sources of inequality by class, urban-rural location, and gender; costs, to farmers, of economic transactions, especially when the principal and the agent are different persons; gaps in, and costs of, information; and risk. This book provides a masterly review of risks facing the rural poor: sources, analytics, consequences, policy remedies - and their interactions with other obstacles to escape from poverty. Both for professionals and for graduate students with some mathematical background, this is an excellent analysis of rural risk and its links to poverty, inequality and development policy.' -- Michael Lipton, Poverty Research Unit, University of Sussex, UK

'The book is very rigorous and follows a logical sequence. It will no doubt become the reference book on rural poverty, risk and development with the most relevant references of the literature, and extensive mathematical modeling where possible. Indeed, the book is a masterly review of risks facing the rural poor and it comes very timely with the renewed emphasis by donors and governments on rural poverty alleviation.' -- Eric Tollens, Quarterly Journal of International Agriculture 'In Transforming Traditional Agriculture (1964), Theodore Schultz argued that tiny farmers in developing countries were efficient but poor , needing - and able to use - new technology to escape poverty. The successes of the Green Revolution have proved him half right; but why has this not reached over 800 million rural people still living on less than a dollar a day? Much-researched obstacles include: limits on the technology; deep sources of inequality by class, urban-rural location, and gender; costs, to farmers, of economic transactions, especially when the principal and the agent are different persons; gaps in, and costs of, information; and risk. This book provides a masterly review of risks facing the rural poor: sources, analytics, consequences, policy remedies - and their interactions with other obstacles to escape from poverty. Both for professionals and for graduate students with some mathematical background, this is an excellent analysis of rural risk and its links to poverty, inequality and development policy.' -- Michael Lipton, Poverty Research Unit, University of Sussex, UK

Author Information

Marcel Fafchamps, Freeman Spogli Institute for International Studies, Stanford University, US

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