The document discusses social protection and social risk management in addressing poverty. It argues that poverty results from an inability to manage risks from economic shocks, environmental/social issues, and life events. It outlines various risk prevention, mitigation and coping strategies, including informal support networks, public programs, and market-based options. Effective social protection requires a mix of public, market and informal arrangements to help the vulnerable manage diverse risks that can contribute to poverty.

1. Social Protection and Social Risk Management: Poverty as the Inability to Manage Risks Amartya Sen and the Evolution of the Concept of Poverty Leland Joseph R. de la Cruz Director, Development Studies Program

5. “ Sound macroeconomic policies, while of great importance, are not sufficient for sustained poverty reduction”.

12. Other highly vulnerable groups Child Labor Disabled Unemployed Youth Orphans Poverty Inability to manage risks

17. Strategies and Arrangements for Social Risk Management Public Mitigation Strategies Public Prevention Strategies Public Coping Strategies Public Market-based Mitigation Strategies Informal Mitigation Strategies Risk Mitigation Market-based Prevention Strategies Informal Prevention Strategies Risk Prevention Market-based Coping Strategies Informal Coping Strategies Risk Coping Market-based Informal

30. Social Protection and Social Risk Management: Poverty as the Inability to Manage Risks Amartya Sen and the Evolution of the Concept of Poverty Leland Joseph R. de la Cruz Director, Development Studies Program