The exact cost of World War II in human ...

The exact cost of World War II in human lives is unknown, but casualties may have totalled over 60 million service personnal and civilians killed.

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It is generally accepted that if the monsoon is poor in any given year, it will have a significantly negative impact on the lives of millions. Some lives, such as those of the farmers, are affected directly becauseof poor crop yield, others are affected indirectly as the economic growth slows down. Similarly, the years with good monsoon bring smile and prosperity to the lives of many. For instance India recorded a sharp jump in its rate of growth after years of good performance in the recent years. This unfortunate cycle affects the lives of millions of poor and hapless. But it need not be this way. In the jargon of financial economics, monsoon risk is a diversifiable risk. In other words, it is an insurance risk. Thoughone might wonder who will provide the insurance against poor monsoons if everyone is adversely affected by poor monsoon? The answer is-the international investor. All over the world diversifiable risks are always covered by the insurance companies.

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