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Development Economics
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Robert Townsend
» Robert Townsend - Practice Questions
Robert Townsend - Practice Questions
1. Economist Robert Townsend found that villages in Thailand:
*
had their own form of insurance through family and friends, protecting them against a significant amount of risk
frequently had no form of insurance, leading to increased instances of starvation and disease
were frequently exploited by large insurance companies from larger Thai cities
