PROTECTING THE POOR AGAINST THE NEXT CRISIS

Ravi Kanbur

No 126960, Working Papers from Cornell University, Department of Applied Economics and Management

Abstract: Crises are likely to be new normal for developing and transition economies. In designing programs to protect the poor against crises, governments face two uncertainties— uncertainty of crisis type and uncertainty of crisis timing. In the face of these uncertainties, I propose three lines of action for governments and for the international community: (i) Conduct a Social Protection Assessment Program which “stress tests” the collection of social protection interventions against a range of possible crises to reveal gaps and vulnerabilities, (ii) Over the medium term, finance improvements in design to addressing these gaps and vulnerabilities, and (iii) offer a pre-qualified line of assistance for social protection which goes into action automatically when crisis triggers are breached.

Keywords: Consumer/Household Economics; Public Economics (search for similar items in EconPapers)
Pages: 17
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:126960

DOI: 10.22004/ag.econ.126960

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