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Development cooperation for social safety nets in East and Southeast Asia

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  • Development cooperation for social safety nets in East and Southeast Asia
  • Lee, Kye Woo
  • KIEP
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Title Development cooperation for social safety nets in East and Southeast Asia
Similar Titles
Material Type Reports
Author(English)

Lee, Kye Woo

Publisher

[Seoul]:KIEP

Date 2009
Pages 65
Subject Country Asia & Pacific(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < General
Official Aid < General
Holding 대외경제정책연구원

Abstract

Countries in East and Southeast Asia are currently undergoing unprecedented double shocks: globalization and demographic transition. To tide the economies over the globalization shock, some efforts have been made, especially in the wake of the Asian crisis in 1997, strengthening the social safety nets. However, significance of the demographic transition and its impact has been barely recognized, and not many discussions have taken place on the policies and safety nets against the risks generated by it. Moreover, a wave of new world-wide economic crisis, engendered by the sub-prime mortgage incidents in the U.S., has been looming on the horizon. East and Southeast Asian countries have to undergird themselves to institutionalize adequate social safety nets for those adversely affected by the shocks. This paper attempts to highlight the nature and magnitude of the impact of the shocks, especially the demographic transition shock, and discuss policy needs, challenges, and issues in institutionalizing the social safety nets in the region. The paper concludes with recommendations including the role of international development cooperation. (The rest is omitted.)