For social protection to become truly inclusive, social protection must meet the needs of younger women and men.
Asia’s economic growth owes a lot to the rise of both big business and SMEs. But left alone, there is little incentive for private firms to do more for workers beyond the norm.
In an often harsh and unpredictable world, social protection schemes provide an essential buffer against extreme events like job losses, as well as support during times of ill health or in old age, but in Developing Asia coverage levels are falling well short of the region’s vast needs.
There is no “one size fits all” approach to conditional cash transfer programs, but there are key elements that will increase the chances of success.
Social protection is associated with inclusive growth (social inclusiveness), reducing risk and vulnerability, empowerment, participation and solidarity principles.