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Changing the development policy paradigm: Investing in Social security floor for all
Author(s) -
Cichon Michael,
Hagemejer Krzysztof
Publication year - 2007
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/j.1468-246x.2007.00275.x
Subject(s) - social security , economic security , social protection , investment (military) , business , economic system , social economy , social change , critical security studies , cohesion (chemistry) , economics , economic growth , network security policy , political science , computer security , market economy , computer science , politics , security service , information security , law , chemistry , organic chemistry
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.