Resource

Social protection global policy trends 2010-2015. From fiscal consolidation to expanding social protection. Key to crisis recovery, inclusive development and social justice

  • English
Social Protection Department, International Labour Office
2014
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Summary

This policy paper: (i) examines IMF government spending projections for 181 countries, identifying two main phases: fiscal expansion (2008-2009) and fiscal consolidation (2010 onwards); (ii) presents the main adjustment measures considered since 2010 and their adverse socio-economic impacts in both high income and developing countries; (iii) analyses divergent trends in social protection across regions, focusing on the positive expansion of social protection floors in a majority of developing countries; (iv) reviews potential areas of fiscal space for the necessary extension of social protection systems; and (v) presents the developmental arguments to invest in social protection in pursuit of crisis recovery, inclusive development and social justice.

Policy Papers (ILO) 20461
29.10.2015