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Risk management: A general framework for rural development

Lookup NU author(s): Dr John Lingard

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Abstract

This paper proposes a new concept of rural development in an uncertain world. The nature of risk and uncertainty is discussed and risk management is defined as a positive model of economic and social behaviour. Some relevant paradigms for rural development are reviewed and evaluated within the general approach of risk management. It is demonstrated that the proposed view of risk management can effectively combine and reconcile different approaches by highlighting their advantages and shortcomings. Departing from a subjective definition of risk management, we progressively include its social dimensions which introduce both complexity and structure into the process of rural development. © 2003 Elsevier Ltd. All rights reserved.

Publication metadata

Author(s): Kostov P, Lingard J

Publication type: Article

Publication status: Published

Journal: Journal of Rural Studies

Year: 2003

Volume: 19

Issue: 4

Pages: 463-476

Print publication date: 01/10/2003

ISSN (print): 0743-0167

ISSN (electronic): 1873-1392

Publisher: Pergamon

URL: http://dx.doi.org/10.1016/S0743-0167(03)00026-3

DOI: 10.1016/S0743-0167(03)00026-3

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