Abstract
Group-based contracts are stimulated by food and agricultural
development programs as powerful tools for risk-sharing. In
successful groups social capital serves as a catalyst for risk
prevention and knowledge sharing. It is however difficult to deal
with catastrophic risk. In this paper we ask whether and how
group-based contracts have been innovated to include
catastrophic risk? The review shows that, albeit at early stage,
innovations emerge from linking up to formal finance markets,
negotiating better risk-sharing deals with upstream and
downstream value chain actors, and upscaling of publicprivate
improvement projects to joint calamity funds. These
changes to group-based contracts are expected to enhance
inclusion. We also identify a research agenda for risk-sharing
via groups.
development programs as powerful tools for risk-sharing. In
successful groups social capital serves as a catalyst for risk
prevention and knowledge sharing. It is however difficult to deal
with catastrophic risk. In this paper we ask whether and how
group-based contracts have been innovated to include
catastrophic risk? The review shows that, albeit at early stage,
innovations emerge from linking up to formal finance markets,
negotiating better risk-sharing deals with upstream and
downstream value chain actors, and upscaling of publicprivate
improvement projects to joint calamity funds. These
changes to group-based contracts are expected to enhance
inclusion. We also identify a research agenda for risk-sharing
via groups.
| Original language | English |
|---|---|
| Pages (from-to) | 80-84 |
| Journal | Current Opinion in Environmental Sustainability |
| Volume | 41 |
| DOIs | |
| Publication status | Published - Dec 2019 |