Chapter

Risk and Insurance in Transition: Perspectives from Zouping County, China

Jonathan Morduch and Terry Sicular

in Communities and Markets in Economic Development

Published in print May 2001 | ISBN: 9780199241019
Published online August 2004 | e-ISBN: 9780191601217 | DOI: http://dx.doi.org/10.1093/0199241015.003.0008
 Risk and Insurance in Transition: Perspectives from Zouping County, China

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This chapter discusses how rural households in Zouping County, Shandong Province, China, cope with increased economic risk and loss of pre-existing financial and insurance mechanisms. Many households are highly exposed to risk. They cope by relying their own devices such as saving and borrowing, and diversifying their sources of income. Explanations for weak insurance provision are studied and innovative insurance arrangements are proposed.

Keywords: insurance; risk management; China; Zouping County; rural households

Chapter.  12040 words.  Illustrated.

Subjects: Economic Development and Growth

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