Addressing weather shocks: Promoting resilient aspirations for the rural poor
Kosec, Katrina · Khan, Huma · Seyoum Taffesse, Alemayehu · Tadesse, Fanaye
Apr. 2014 · 2020 Conference Brief Boek 19 · Intl Food Policy Res Inst
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New IFPRI research on rural Pakistan suggests that adverse weather shocks indeed lower the future?looking aspirations of the poor. This finding is consequential because it suggests a double burden of such shocks: they deplete the income and assets of the poor today while also contributing to lower aspirations for (and thus investments in) the future. This double burden demands a double role for resilience strategies: to restore the livelihoods of the poor today while also raising aspirations for the future. These findings are consistent with IFPRI research in rural Ethiopia on the formation and impact of aspirations. The various IFPRI studies suggest that the poor suffer from especially low aspirations, and having higher aspirations may reduce poverty and improve resilience by leading to greater productive investments.
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