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Symposium 2014

Background Paper - Successful Policy Design for Social Security Systems

The Challenge

Over the past decades, emerging economies in Asia have experienced fast economic growth, which has brought—though not equally distributed—large income gains to the majority of the population and l ...

Over the past decades, emerging economies in Asia have experienced fast economic growth, which has brought—though not equally distributed—large income gains to the majority of the population and lifted millions out of poverty. Yet, most of these countries still face a high degree of vulnerability—both at the macro level (e.g. triggered or at least aggravated by volatile capital in- and outflows) as well as at the micro level (e.g. caused by illness, invalidity or death of the bread winner)—which threatens to wipe out much of the progress achieved. Against this background, there is growing public demand in Asia for inclusive social security mechanisms to reduce socio-economic risks or mitigate their effects.

Over the past decades, emerging economies in Asia have experienced fast economic growth, which has brought – though not equally distributed – large income gains to the majority of the population and lifted millions out of poverty. Yet, most of these countries still face a high degree of vulnerability – both at the macro level (e.g. triggered or at least aggravated by volatile capital in- and outflows) as well as at the micro level (e.g. caused by illness, invalidity or death of the bread winner) – which threatens to wipe out much of the progress achieved.