1. Changing the development policy paradigm: Investing in Social security floor for all.
- Author
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Cichon, Michael and Hagemejer, Krzysztof
- Subjects
- *
SOCIAL security , *ECONOMIC development , *CAPITALISM , *SOCIAL policy ,DEVELOPED countries - Abstract
The Paper briefly reviews social security coverage that the world has achieved and summarizes economic and social benefits of a national social security system. It then goes on to argue that social security systems are a necessary part of the institutional framework of any effective market economy, creating—among other things—societal cohesion that is needed for long-term economic development. It makes the case that the introduction of basic social protection in developing countries is both a desirable and an affordable investment in their social and economic development. It estimates the global minimum investment cost to provide basic social security and finally suggests international instruments to introduce a global social security floor. [ABSTRACT FROM AUTHOR]
- Published
- 2007
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