Social Protection and Economic Development - World Bank

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Social Protection and Economic Development - World Bank

  1. 1. Social Protection and EconomicDevelopmentIene MuliatiInternational Policy Dialogue on Social ProtectionSeoul, 2 November 2012
  2. 2. Social Protection as Investment in Growth Social justice and human rights  Basic life necessities  Enhance dignity  Caring, just and prosperous society Growth with equity  Integrate economic growth and poverty reduction master plans  Ensure poor participate equally in economic growth Facilitate economic transition  Protect those who lose jobs due to economic transition  Maintain the peace and political support for transition 2
  3. 3. Social Protection as Investment in Growth Empower the poor  Greater equality of opportunity for all  Improve access to education, health, infrastructure, public services  Improve access to financial services and credit Enhance employment opportunities  Mobilize savings of the poor for investment  Create more flexible labor force  Creating quality jobs 3
  4. 4. Social Protection Tools Social assistance programs  Protect the poor and vulnerable  Prevent irreversible loss of human capital – links to education and health outcomes  Rapid response to crises Social insurance  Basic insurance coverage for workers against shocks  Use pooling power of the central government  Mobilize additional financial resources for health and retirement  Increases labor mobility Labor market interventions  Public works programs (work-fare)  Skill building and job search 4
  5. 5. Social Protection Challenges Targeting Efficient administration  ID numbers  Contribution collection  Historical records  Maximizing use of technology Changing demographics  Aging society  Increasing productivity to offset loss of demographic dividend Government risk management capacity 5

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