Risk, Poverty and Vulnerability in Africa

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As You Sow, So Shall You Reap: The Welfare Impacts of Contract Farming (2012, background): “This is a key finding given that in rural areas of developing countries, poverty and risk have been found to entail welfare losses of comparable magnitude (Ligon and Schechter, 2003; Dercon, 2005).”
Managing Environmental Risk in Presence of Climate Change: The Role of Adaptation in the Nile Basin of Ethiopia (2014, background): “Harvest failure due to weather events is the most important cause of risk-related hardship of Ethiopian rural households, with adverse effects on farm household consumption and welfare (Dercon 2004, 2005).”