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Protecting The Poor Against The Next Crisis

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  • Kanbur, Ravi

Abstract

Crises are likely to be new normal for developing and transition economies. In designing programs to protect the poor against crises, governments face two uncertainties— uncertainty of crisis type and uncertainty of crisis timing. In the face of these uncertainties, I propose three lines of action for governments and for the international community: (i) Conduct a Social Protection Assessment Program which “stress tests” the collection of social protection interventions against a range of possible crises to reveal gaps and vulnerabilities, (ii) Over the medium term, finance improvements in design to addressing these gaps and vulnerabilities, and (iii) offer a pre-qualified line of assistance for social protection which goes into action automatically when crisis triggers are breached.

Suggested Citation

  • Kanbur, Ravi, 2010. "Protecting The Poor Against The Next Crisis," Working Papers 126960, Cornell University, Department of Applied Economics and Management.
  • Handle: RePEc:ags:cudawp:126960
    DOI: 10.22004/ag.econ.126960
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    2. de Janvry, Alain & Finan, Frederico & Sadoulet, Elisabeth & Vakis, Renos, 2006. "Can conditional cash transfer programs serve as safety nets in keeping children at school and from working when exposed to shocks?," Journal of Development Economics, Elsevier, vol. 79(2), pages 349-373, April.
    3. repec:rnp:ecopol:09111 is not listed on IDEAS
    4. Norbert Schady & Ariel Fiszbein & Francisco H.G. Ferreira & Niall Keleher & Margaret Grosh & Pedro Olinto & Emmanuel Skoufias, 2009. "Conditional Cash Transfers : Reducing Present and Future Poverty," World Bank Publications - Books, The World Bank Group, number 2597, April.
    5. Emil Tesliuc & Margaret Grosh & Azedine Ouerghi & Carlo del Ninno, 2008. "For Protection and Promotion : The Design and Implementation of Effective Safety Nets," World Bank Publications - Books, The World Bank Group, number 6582, April.
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    Cited by:

    1. Adu-Ababio, Kwabena, 2024. "Microsimulation approaches to studying shocks and social protection in selected developing economies," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1552-1576.
    2. repec:sgm:jbfeuw:v:2:y:2015:i:4:p:27 is not listed on IDEAS
    3. Oscar Barriga Cabanillas & Maria Ana Lugo & Carlos Rodríguez-Castelan & Hannah Nielsen & Maria Pia Zanetti, 2015. "Is Uruguay More Resilient This Time? Distributional Impacts of a Crisis Similar to the 2001–02 Argentine Crisis," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(4), pages 64-90, June.

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