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ISSA

ISSA 2010.05.26

Expanding social protection programs in Asia and the Pacific will give poor and vulnerable people more opportunities to benefit from renewed growth in the region while boosting domestic consumption, building human capital, and helping to rebalance economies, a seminar audience heard today.

The seminar heard that the crisis has spurred efforts to expand social protection, including conditional cash transfer programs, which provide poor families with direct stipends in exchange for sending their children to school and the doctor. However, social spending as a share of gross domestic product still remains very small in developing Asia and the Pacific compared to major industrialized economies.
by jpflege | 2010-05-27 09:56 | 509 economy
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