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Social Protection and Labor at the World Bank, 2000-2008 (Paperback)
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Social Protection and Labor at the World Bank, 2000-2008 (Paperback)
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The World Bank commitment to Social Protection and Labor (SP&L)
activities began in earnest in the late 1980s with the first social
funds to help communities cope with short-term adverse impacts of
structural reforms. In the early 1990s the Bank got deeply involved
in the transition from plan to market and the need to address the
related social policy problems. In recognition of the importance of
these issues for poverty reduction and development, the SP&L
sector was created in 1996 as part of the Human Development
Network. This institutional focus was conducive to rethinking the
role of social protection in development and to articulating a new
conceptual framework and strategy. Social Protection and Labor at
the World Bank, 2000-2008 presents a progress review of sector
strategy by the World Bank, published in early 2001. The strategy
proposed a new conceptual framework Social Risk Management to
review and reform existing interventions and propose new ones that
better assist vulnerable people in addressing the many risks to
which they are exposed. Based on this framework and in line with
the World Bank s vision and mission of poverty reduction and
inclusive and sustainable globalization, the SP&L strategy has
three broad policy objectives: Improving earning opportunities and
the quality of jobs Increasing security through better risk
management for households and communities Enhancing equity and
reducing extreme poverty through better assistance programs for
vulnerable groups. The review of strategic objectives and the
sector results since the strategy launch include a stocktaking of
the analytical work and lending operations for each of the six core
competence areas: Labor market Social security Social safety nets
Social funds Disability and development Risk and vulnerability
analysis The review results reveal the progress made in the
understanding of the importance of social risk management for
poverty reduction and its critical contribution to equitable and
sustainable globalization. The breadth of analytical work and
lending operations across the areas o f core competence are
testimony to the impact of the strategy had on poor and vulnerable
people in partner countries. The lessons learned are critical to
address the current food and energy prices crisis through social
safety nets, youth unemployment through better school-to-work
transition, and poverty among the elderly persons through
multipillar pension schemes. The book documents the progress made
in the implementation of the World Bank s SP&L strategy, which
assists the vulnerable to better manage the risks. The reviews of
the strategic directions, the achieved results, and the analytical
work and lending operations suggest substantial progress; they also
point out the need for further work at the level of data, empirical
analysis, policy design, and implementation. This book will be of
interest to members of the international community, government,
nongovernmental organizations, and researchers working in the areas
of labor markets, pension reform, social safety nets, social funds,
disability issues, and vulnerability analysis."
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