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Social protection: A key instrument for social, economic and political development

Markus Loewe

No 7/2016, PEGNet Policy Briefs from PEGNet - Poverty Reduction, Equity and Growth Network, Kiel Institute for the World Economy (IfW Kiel)

Abstract: Social protection can be defined as "policies and actions which enhance the capacity of poor and vulnerable people to escape from poverty and enable them to better manage risks and shocks" (OECD/DAC 2009, 10). The term would thus include social insurance, social transfers and minimum labour standards, but for many experts also micro-insurance, commercial insurance and savings plans, traditional solidarity networks and group-based risk prevention instruments.

Date: 2016
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