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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
- 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
- 15. Pension in small states
- 16. Current levels of revenue & spending
- 17. Revenue, expenses % social security in small states
- 20. Basic social security (% GDP) Its possible for small states
- 23. G-20 stimulus packages, 2008-2010 %GDP (PPP-weighted)