The Impact Of The Global Financial Crisis On Social Protection In Developing Countries
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The Impact Of The Global Financial Crisis On Social Protection In Developing Countries
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Author : Anna Gabriele McCord
language : en
Publisher:
Release Date : 2010
The Impact Of The Global Financial Crisis On Social Protection In Developing Countries written by Anna Gabriele McCord and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
The global financial crisis has had a devastating effect on poverty levels in developing countries, and the social protection response to date, in the form of social assistance, has been limited, constrained by the weak systems and low coverage of pre-existing provision. Developing countries have struggled to honour pre-crisis social protection policy commitments due to declining revenues, and in this context the potential for expanding coverage to assist those further impoverished and the “new poor” are remote. Despite the expansionary fiscal stance adopted by many developing countries, the focus of policy responses to the crisis has been on protecting and stimulating growth. The focus has not been on social protection provision to assist the poor directly. Where social protection interventions have been made they have, in many cases, been limited to ad hoc and often regressive interventions such as generalized food or fuel subsidies, rather than more systemic and pro-poor interventions. However, there may be some scope for optimism, as the crisis has stimulated a number of initiatives to promote donor coordination and programming coherence, which may result in improvements in the efficiency and impact of future social protection programming.
Poverty And Sustainable Development In Asia
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Author : Armin Bauer
language : en
Publisher: Asian Development Bank
Release Date : 2015-01-01
Poverty And Sustainable Development In Asia written by Armin Bauer and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-01 with Social Science categories.
This joint publication from the Asian Development Bank and the Asian Development Bank Institute features selected papers from the September 2009 conference on the social and environmental impact of the global economic crisis on Asia and the Pacific, especially on the poor and vulnerable. The publication is designed with the needs of policy makers in mind, utilizing field, country, and thematic background studies to cover a large number of countries and cases. This publication suggests that the crisis is an opportunity to rethink the model of development in Asia for growth to become more inclusive and sustainable. Issues that need to be more carefully considered include: closing the gap of dualistic labor markets, building up social protection systems, rationalizing social expenditures, addressing urban poverty through slum upgrading, promoting rural development through food security programs in pro-poor growth potential areas, and concentrating climate change interventions on generating direct benefits for the environments of the poor.
Social Policy In Challenging Times
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Author : Farnsworth, Kevin
language : en
Publisher: Policy Press
Release Date : 2011-09-21
Social Policy In Challenging Times written by Farnsworth, Kevin and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-21 with Political Science categories.
There is no precedent to the current economic crisis which looks set to redefine social policy debate throughout the globe. But its effects are not uniform across nations. Bringing together a range of expert contributions, the key lesson to emerge from this book is that 'the crisis' is better understood as a variety of crises, each mediated by national context. Consequently, there is an array of potential trajectories for welfare systems, from those where social policy is regarded as incompatible with the post-crisis economy to those where it is considered essential to future economic growth and security.
Understanding The Poverty Impact Of The Global Financial Crisis In Latin America And The Caribbean
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2014-06-18
Understanding The Poverty Impact Of The Global Financial Crisis In Latin America And The Caribbean written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-18 with Business & Economics categories.
Using data from household and labor force surveys, this study documents the effects of the 2008–09 global financial crisis on poverty in Latin America and the Caribbean, the social protection policy responses activated, and a macro-micro modeling of crisis/no-crisis scenarios for Mexico and Brazil.
Knowing When You Do Not Know
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Author : Ambar Narayan
language : en
Publisher: World Bank Publications
Release Date : 2012-01-12
Knowing When You Do Not Know written by Ambar Narayan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-12 with Business & Economics categories.
Economists have long sought to predict how macroeconomic shocks will affect individual welfare. Macroeconomic data and forecasts are easily available when crises strike. But policy action requires not only understanding the magnitude of a macro shock, but also identifying which households or individuals are being hurt by (or benefit from) the crisis. A popular solution is to extrapolate the welfare impact of a shock from the historical response of income or consumption poverty to changes in output, by estimating an 'elasticity' of poverty to growth. Although this method provides an estimate for the aggregate poverty impact of a macro shock, it has limited value for analysts and policymakers alike. Aggregate numbers are useful to capture the attention of policymakers and the international community, but in the absence of any information on who is affected and to what extent, provide little guidance on what actions need to be taken. This volume outlines a more comprehensive approach to the problem, showcasing a microsimulation model, developed in response to demand from World Bank staff working in countries and country governments in the wake of the global financial crisis of 2008-09. Starting with the idea of using simple macroeconomic projections as the 'macro linkages' to a micro behavioral model built from household data, the model was conceptualized, refined and tested in a diverse mix of countries: Bangladesh, Philippines, Mexico, Poland and Mongolia. The results fed into country policy dialogue and lending operations of Bank teams, as well as various reports, research papers and briefs.
Social Impact Of The Global Financial Crisis In The Philippines
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Author : Arsenio M. Balisacan
language : en
Publisher: Asian Development Bank
Release Date : 2010-12-01
Social Impact Of The Global Financial Crisis In The Philippines written by Arsenio M. Balisacan and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
Anecdotal evidence permeates accounts on the impact of the global economic crisis on Philippine poverty. This study systematically assesses the evidence and recent data. It adopts a somewhat eclectic approach as applying regression and decomposition techniques to trace the impact of the global economic crisis on gross domestic product and its major components, constructing panel data from nationally representative household surveys to trace the changes in household welfare during the crisis, and combining national income accounts and household survey data to simulate the differential effects of the crisis across population groups and social divides. Empirical findings suggest that although the Philippine economy did not slide to recession during the crisis, its impact on the economy and poverty across population groups was nonetheless severe---and may linger for many years to come.
Understanding The Poverty Impact Of The Global Financial Crisis In Latin America And The Caribbean
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Author : Margaret Grosh
language : en
Publisher:
Release Date : 2014-07-17
Understanding The Poverty Impact Of The Global Financial Crisis In Latin America And The Caribbean written by Margaret Grosh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-17 with categories.
This study documents the effects of the 200809 global financial crisis on poverty in Latin America and the Caribbean (LAC). In doing so, it describes and decomposes the effects of the crisis on poverty using data from comparable household budget surveys for Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Mexico, Paraguay, Peru, and Uruguay, and labor force surveys for Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Uruguay. The study also provides macro-micro modeling of crisis and no-crisis scenarios for Mexico and Brazil, as well as the big picture and program-specific details of the social protection policy responses for these countries and more. Among the findings are the following. First, the effects of the global financial crisis on those living in poverty were not trivial: more than 3 million people fell into or remained mired in poverty in 2009 as a result of the crisis. Of these, 2.5 million were Mexican. Second, the changes in poverty were driven by changes in labor incomes caused by a variable combination of changes in employment rates and real wages. Third, the macro-micro modeling revealed different adjustment mechanisms but similar final incidence results for Brazil and Mexico. The results were regressive overall, with the middle of the income distribution hit even a bit more than the poor. According to the descriptive results from the larger set of countries, changes in inequality accounted for a tenth to a third of changes in poverty. Fourth, countries were quite active in their social protection policy responses, largely taking advantage of programs built in precrisis years. Social transfers partially offset the lower labor earnings of the poor, although income protection for the unemployed was weak. Finally, overall the policy messages are that good policy helps attenuate the links between a global crisis and poverty in the LAC countries, and many of the important things need to be done ex ante such as dealing with the macro fundamentals and building social protection programs.
The Global Crisis And Transformative Social Change
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Author : P. Utting
language : en
Publisher: Springer
Release Date : 2012-03-02
The Global Crisis And Transformative Social Change written by P. Utting and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-02 with Political Science categories.
Global crises not only deeply impact the economy and people's livelihoods, they also unsettle basic ideas and assumptions about the meaning and drivers of development. This collection of theoretical and empirical studies explores the substance and politics of policy change following the 2007/8 crisis from the perspective of developing countries.
Social Protection In Developing Countries
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Author : Katja Bender
language : en
Publisher: Routledge
Release Date : 2013-09-02
Social Protection In Developing Countries written by Katja Bender and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-02 with Business & Economics categories.
Providing universal access to social protection and health systems for all members of society, including the poor and vulnerable, is increasingly considered crucial to international development debates. This is the first book to explore from an interdisciplinary and global perspective the reforms of social protection systems introduced in recent years by many governments of low and middle-income countries. Although a growing body of literature has been concerned with the design and impact of social protection, less attention has been directed towards analyzing and explaining these reform processes themselves. Through case studies of African, Asian, and Latin American countries, this book examines the ‘global phenomenon’ of recent social protection reforms in low and middle-income areas, and how it differs across countries both in terms of scope and speed of institutional change. Exploring the major domestic and international factors affecting the political feasibility of social protection reform, the book outlines the successes and failures of recent reform initiatives. This invaluable book combines contributions from both academics and practitioner experts to give students, researchers and practitioners in the fields of social security, economics, law and political science an in-depth understanding of political reform processes in developing countries.
Children Of Austerity
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Author : Bea Cantillon
language : en
Publisher: Oxford University Press
Release Date : 2017-04-07
Children Of Austerity written by Bea Cantillon and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-07 with Business & Economics categories.
The 2008 financial crisis triggered the worst global recession since the Great Depression. Many OECD countries responded to the crisis by reducing social spending. Through 11 diverse country case studies (Belgium, Germany, Greece, Hungary, Ireland, Italy, Japan, Spain, Sweden, United Kingdom, and the United States), this volume describes the evolution of child poverty and material well-being during the crisis, and links these outcomes with the responses by governments. The analysis underlines that countries with fragmented social protection systems were less able to protect the incomes of households with children at the time when unemployment soared. In contrast, countries with more comprehensive social protection cushioned the impact of the crisis on households with children, especially if they had implemented fiscal stimulus packages at the onset of the crisis. Although the macroeconomic 'shock' itself and the starting positions differed greatly across countries, while the responses by governments covered a very wide range of policy levers and varied with their circumstances, cuts in social spending and tax increases often played a major role in the impact that the crisis had on the living standards of families and children.