Household risk management strategies in the semi-urban and rural area: A literature review
L. Pha Isah. Australian Journal of Basic and Applied Sciences, 8 (16):
38 To 44(2014)
Аннотация
It is a truism that every household in developing countries are vulnerable to different types of risks. Therefore, risk management is crucial, for sustaining and repelling the detriments of risks. For instance, Ex-ante strategy mitigates the detriment of risk and hinders the occurrence of risk, while Ex-post strategy is employed aftermath of risk occurrence to resolve the consequence of risk effect. Objective: this paper conceptually reviews the relevant issues on household risk management. It also presents a meta-analytic review of possible strategies of risk management employable in both pre and post risk occurrence in the households of developing countries. Results: This paper concludes that different strategies are employed by households to resolve different risk events. Misemployment of a particular strategy to manage an inappropriate risk will result in the ineffectiveness of the strategy. Conclusion: This paper encapsulates recommendations, implications and suggestions for policy makers and governmental agents in grasping the different risk management strategies for household management with negative risk in developing countries.
%0 Journal Article
%1 noauthororeditor
%A Pha Isah, L.K.
%D 2014
%J Australian Journal of Basic and Applied Sciences
%K Risk countries developing households impact myown prevention risk rural
%N 16
%P 38 To 44
%T Household risk management strategies in the semi-urban and rural area: A literature review
%V 8
%X It is a truism that every household in developing countries are vulnerable to different types of risks. Therefore, risk management is crucial, for sustaining and repelling the detriments of risks. For instance, Ex-ante strategy mitigates the detriment of risk and hinders the occurrence of risk, while Ex-post strategy is employed aftermath of risk occurrence to resolve the consequence of risk effect. Objective: this paper conceptually reviews the relevant issues on household risk management. It also presents a meta-analytic review of possible strategies of risk management employable in both pre and post risk occurrence in the households of developing countries. Results: This paper concludes that different strategies are employed by households to resolve different risk events. Misemployment of a particular strategy to manage an inappropriate risk will result in the ineffectiveness of the strategy. Conclusion: This paper encapsulates recommendations, implications and suggestions for policy makers and governmental agents in grasping the different risk management strategies for household management with negative risk in developing countries.
@article{noauthororeditor,
abstract = {It is a truism that every household in developing countries are vulnerable to different types of risks. Therefore, risk management is crucial, for sustaining and repelling the detriments of risks. For instance, Ex-ante strategy mitigates the detriment of risk and hinders the occurrence of risk, while Ex-post strategy is employed aftermath of risk occurrence to resolve the consequence of risk effect. Objective: this paper conceptually reviews the relevant issues on household risk management. It also presents a meta-analytic review of possible strategies of risk management employable in both pre and post risk occurrence in the households of developing countries. Results: This paper concludes that different strategies are employed by households to resolve different risk events. Misemployment of a particular strategy to manage an inappropriate risk will result in the ineffectiveness of the strategy. Conclusion: This paper encapsulates recommendations, implications and suggestions for policy makers and governmental agents in grasping the different risk management strategies for household management with negative risk in developing countries.},
added-at = {2019-12-31T09:18:15.000+0100},
author = {Pha Isah, L.K.},
biburl = {https://www.bibsonomy.org/bibtex/236d4fa477f7943f50a31ecd1970cf4ca/mukaramahharun},
interhash = {d6b49f9b085d6f5ce02e09d4a1fc92f4},
intrahash = {36d4fa477f7943f50a31ecd1970cf4ca},
issn = {19918178},
journal = {Australian Journal of Basic and Applied Sciences},
keywords = {Risk countries developing households impact myown prevention risk rural},
language = {english},
number = 16,
pages = {38 To 44},
timestamp = {2019-12-31T09:18:15.000+0100},
title = {Household risk management strategies in the semi-urban and rural area: A literature review},
volume = 8,
year = 2014
}