“By definition then, risk and vulnerability are bound up with a pro-poor growth strategy. With risk aversion and a condition of resignation that is manifested in people living in chronic poverty, specific policies to reach these groups become essential. In this way, risk management policies can make the chronic poor less vulnerable, and hence more amenable to taking risks and participating in pro-poor growth.”
Source: Wheeler, R. S. and Haddad, L. 2005. “Reconciling Different Concepts of Risk and Vulnerability: A Review of Donor Documents”. Institute of Development Studies. Sussex, England. <https://www.unicef.org/socialpolicy/files/Reconciling_Different_Concepts_of_Risk_and_Vulnerability.pdf>. Accessed 22 April 2020.