“Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.
Y.V. Aleskerovа candidate of economic sciences, senior staff scientist, National scientific center Institute agrarian economy
Abstract. The aim of this study is comparative characteristics of agricultural insurance in countries such as China, Mexico, the US and so on, and as I states role in this, as shown experience of the World Bank. The study showed that the main problem existing in the system of insurance with state support, are the weather conditions, since in different countries different climatic conditions. This paper analyzes the mechanisms of agricultural insurance with state support in different countries (China, Mexico, USA, and so on) and the World Banks experience with the mechanism of agricultural insurance, as well as the possible use of these models of agricultural insurance in other countries. Scientific novelty of the research lies in the fact that the author has made specific proposals and recommendations on the modernization of agricultural insurance in the world, depending on climatic conditions while using assistance of the World Bank.
Key worlds: agricultural sector, risk, insurance, agricultural insurance market, private insurance markets.
JEL Classification Codes: G22; Q13