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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.71, # 2, 2014, pp. 31-41
GOVERNMENTAL SUPPORT TO AGRICULTURAL INSURANCE IN THE
COUNTRIES OF THE WORLD
Y.V. Aleskerovа
candidate of economic sciences, senior staff scientist,
National scientific center Institute agrarian economy;
Kyiv, Ukraine
Mob. +380964201983
[email protected]
Received 24 September 2014; accepted 17 December 2014; published online 25 December 2014
Abstract
The aim of this study is comparative characteristics of agricultural insurance in countries
such as China, Mexico, the US and so on, and as I state's role in this, as shown experience of the
World Bank. The study showed that the main problem existing in the system of insurance with
state support, are the weather conditions, since in different countries different climatic
conditions. This paper analyzes the mechanisms of agricultural insurance with state support in
different countries (China, Mexico, USA, and so on) and the World Bank's experience with the
mechanism of agricultural insurance, as well as the possible use of these models of agricultural
insurance in other countries. Scientific novelty of the research lies in the fact that the author has
made specific proposals and recommendations on the modernization of agricultural insurance in
the world, depending on climatic conditions while using assistance of the World Bank.
Key worlds: agricultural sector, risk, insurance, agricultural insurance market, private
insurance markets.
JEL Classification Codes: G22; Q13
Introduction. The agricultural sector is a major economic sector and a critical source of livelihood
in many developing countries. Agriculture is particularly exposed to adverse natural events, such
as insect damage and poor weather conditions that negatively impact production. The economic
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