Files
Abstract
This paper considers vulnerability reduction in Sub-Saharan Africa (SSA) from a more aggregated macro
viewpoint. We focus on risk related to agriculture, since vulnerability and agriculture are intimately
linked in SSA due to the location of the poor, their dependence on agriculture and the inherent risks of an
agricultural livelihood. We argue that agricultural growth is one of the most effective means for
improving permanent incomes and reducing vulnerability. However, agriculture is not homogeneous, and
the inherent risks vary across countries and regions. Therefore, we also discuss appropriate investment
strategies and policy instruments for different sets of risks.