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Social policy response to financial crisis in small states Naren Prasad  International Institute for Labour Studies, ILO London 7 July 2009 Commonwealth Meeting: Sustainable development in small states in a turbulent global economy
Social Policy  ,[object Object],[object Object],[object Object]
A UN Report of 1957 ,[object Object],[object Object],[object Object]
Recovering from the crisis: A Global Jobs Pact ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
GJP: Generating growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
GJP: Protecting employment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mauritius: Saving jobs  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mauritius: GDP growth
GJP: Guaranteeing social protection/security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why social security? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Guaranteeing social protection Type of social protection Social protection instrument Role in Crisis Protective (social assistance) Social transfers Disability benefits Pension schemes Social services Immediate protection and relief from poverty and deprivation Preventive  (insurance) Social transfers Social insurance Livelihood diversification Saving clubs Prevents damage to coping strategies Promotive (Economic opportunities) Social transfers Access to credit School feeding Public works program Promotes resilience through livelihood diversification and improves security Transformative (addressing underlying social vulnerabilities  Promotion of minority rights Anti-discrimination campaigns Social funds Transforms social relations to reduce exclusion
Social security: Current status ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Old age social security ,[object Object],[object Object]
Pension coverage  ,[object Object],[object Object]
Pension in small states
Current levels of revenue & spending
Revenue, expenses % social security in small states
Developing/small countries social security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Social security: Its possible…  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basic social security (% GDP) Its possible for small states
GJP: Recovering with  employer-employee dialogue ,[object Object],[object Object],[object Object]
What social policy works ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
G-20 stimulus packages, 2008-2010 %GDP (PPP-weighted)
Shaping a fair and sustainable globalization ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusion  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusion  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
History….some reflections ,[object Object],[object Object],[object Object]
Philadelphia 1944 ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Social Policy Responses to Global Financial Crisis

  • 1. Social policy response to financial crisis in small states Naren Prasad International Institute for Labour Studies, ILO London 7 July 2009 Commonwealth Meeting: Sustainable development in small states in a turbulent global economy
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 9.
  • 10.
  • 11. Guaranteeing social protection Type of social protection Social protection instrument Role in Crisis Protective (social assistance) Social transfers Disability benefits Pension schemes Social services Immediate protection and relief from poverty and deprivation Preventive (insurance) Social transfers Social insurance Livelihood diversification Saving clubs Prevents damage to coping strategies Promotive (Economic opportunities) Social transfers Access to credit School feeding Public works program Promotes resilience through livelihood diversification and improves security Transformative (addressing underlying social vulnerabilities Promotion of minority rights Anti-discrimination campaigns Social funds Transforms social relations to reduce exclusion
  • 12.
  • 13.
  • 14.
  • 16. Current levels of revenue & spending
  • 17. Revenue, expenses % social security in small states
  • 18.
  • 19.
  • 20. Basic social security (% GDP) Its possible for small states
  • 21.
  • 22.
  • 23. G-20 stimulus packages, 2008-2010 %GDP (PPP-weighted)
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.