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Sustaining Social Safety Nets: Critical for Economic Recovery

Sustaining Social Safety Nets: Critical for Economic Recovery

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The coverage and quality of basic social services—from unemployment insurance to health care and social security—will likely suffer as middle-income countries recover from the global financial crisis. Faced with high unemployment and growing government deficits, existing social services will become stressed. Yet maintaining these safety nets is a vital part of recovery without which significant segments of the middle class may slip into poverty, concludes a new paper by Alejandro Foxley, former foreign and finance minister of Chile.

Foxley analyzes the provision of social services in Eastern Europe, East Asia, and Latin America and makes recommendations for how safety nets need to be restructured to protect vulnerable groups.
The coverage and quality of basic social services—from unemployment insurance to health care and social security—will likely suffer as middle-income countries recover from the global financial crisis. Faced with high unemployment and growing government deficits, existing social services will become stressed. Yet maintaining these safety nets is a vital part of recovery without which significant segments of the middle class may slip into poverty, concludes a new paper by Alejandro Foxley, former foreign and finance minister of Chile.

Foxley analyzes the provision of social services in Eastern Europe, East Asia, and Latin America and makes recommendations for how safety nets need to be restructured to protect vulnerable groups.

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Categories:Types, Research
Published by: Carnegie Endowment for International Peace on Mar 24, 2010
Copyright:Attribution Non-commercial

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12/20/2014

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 A 
LEJANDRO
 F
OXLEY 
C
RITICAL
 
FO
 E
CONOMIC
 
ECOVERY 
SUSTAININGSOCIAL SAFETY NETS
 
Sustaining Social Safety Nets:
Critical for Economic Recovery
Alejandro Foxley
 
© 2010 Carnegie Endowment for International Peace. All rights reserved.The Carnegie Endowment normally does not take institutional positions on public policy issues; the views represented here do not necessarily reflect the views of the Endowment, its staff, or its trustees.For electronic copies of this report, visit www.CarnegieEndowment.org/pubs.Carnegie Endowment for International Peace1779 Massachusetts Avenue, NW  Washington, DC 20036Phone: 202-483-7600Fax: 202-483-1840 www.CarnegieEndowment.org

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