The impact of the global financial crisis on social protection in developing countries

Dados Bibliográficos

ID9971778
AutoresAnna McCord (Overseas Development Institute, autor correspondente)
Ano2010
Volume63
Fascículo2
Páginas31-45
Data de publicação2010-04-01
Open AccessSim
TipoARTICLE
PeriódicoInternational Social Security Review (JOURNAL)
Identificadores do periódicoISSN: 0020-871X • E-ISSN: 1468-246X
EditoraWiley (PUBLISHER • GB)
DOI10.1111/j.1468-246x.2010.01360.x
OpenAlexW2008690041
IdiomaEN
Citações recebidas13
Referências citadas6

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

Business · Development economics · Economic growth · Economic policy · Economics · Financial crisis · Financial system · Macroeconomics · Social protection · Agricultural risk and resilience · Employment and Welfare Studies · Global Health Care Issues