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Changing the development policy paradigm: Investing in Social security floor for all

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  • Michael Cichon
  • Krzysztof Hagemejer

Abstract

The Paper briefly reviews social security coverage that the world has achieved and summarizes economic and social benefits of a national social security system. It then goes on to argue that social security systems are a necessary part of the institutional framework of any effective market economy, creating—among other things—societal cohesion that is needed for long‐term economic development. It makes the case that the introduction of basic social protection in developing countries is both a desirable and an affordable investment in their social and economic development. It estimates the global minimum investment cost to provide basic social security and finally suggests international instruments to introduce a global social security floor.

Suggested Citation

  • Michael Cichon & Krzysztof Hagemejer, 2007. "Changing the development policy paradigm: Investing in Social security floor for all," International Social Security Review, John Wiley & Sons, vol. 60(2‐3), pages 169-196, April.
    • Handle: RePEc:wly:intssr:v:60:y:2007:i:2-3:p:169-196
    DOI: 10.1111/j.1468-246X.2007.00275.x
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    Cited by:

    1. Martin Ravallion, 2016. "Are the world’s poorest being left behind?," Journal of Economic Growth, Springer, vol. 21(2), pages 139-164, June.
    2. Sam Hickey & Jeremy Seekings, 2017. "The global politics of social protection," WIDER Working Paper Series 115, World Institute for Development Economic Research (UNU-WIDER).
    3. Cruz-Martinez, Gibran, 2021. "Universal Social Pensions Are Unaffordable … Not! Testing the Unaffordability Hypothesis in Latin America and the Caribbean," SocArXiv ne9rw, Center for Open Science.
    4. Sam Hickey & Jeremy Seekings, 2017. "The global politics of social protection," WIDER Working Paper Series wp-2017-115, World Institute for Development Economic Research (UNU-WIDER).
    5. Ren, Junqiushi & Xiong, Deyin, 2023. "Do social assistance programs promote the use of clean cooking fuels? Evidence from China's new rural pension scheme," Energy Policy, Elsevier, vol. 182(C).

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