Publication: Resilience, Equity, and Opportunity
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Date
2012
ISSN
Published
2012
Author(s)
World Bank
Abstract
Risk and the quest for opportunity
feature heavily in economic life in the 21st century.
Sustained growth in many developing countries has pulled
billions out of poverty and into the middle class; but this
economic upturn has yet to reach billions more, who face
unemployment, disability, or illness, and struggle to
protect themselves and their families against shocks. The
poor are particularly vulnerable, being typically more
exposed to risk and less able to access opportunities. In a
world filled with risk and potential, social protection and
labor systems are being built, refined or reformed in almost
every country to help people and family's find jobs,
improve their productivity, cope with shocks, and invest in
the health, education, and well-being of their children. The
World Bank supports social protection and labor in client
countries as a central part of its mission to reduce poverty
through sustainable, inclusive growth. The World Bank's
new social protection and labor strategy (2012-22) lays out
ways to deepen World Bank involvement, capacity, knowledge,
and impact in social protection and labor. Three overarching
goals, a clear strategic direction, and engagement
principles guide this new strategy: 1) the overarching goals
of the strategy are to help improve resilience, equity, and
opportunity for people in both low- and middle-income
countries; 2) the strategic direction is to help developing
countries move from fragmented approaches to more harmonized
systems for social protection and labor; and 3) the
engagement principles for working with clients are to be
country-tailored and evidence based in operations and
knowledge work, and collaborative across a range of sectors
and actors this new strategy addresses gaps in the current
practice by helping make social protection and labor more
responsive, more productive, and more inclusive of excluded
regions and groups notably low-income countries and the very
poor, the disabled, those in the informal sector and, in
many cases, women. The strategy is not a 'one size fits
all' approach. Instead, it calls for improving
evidence, building capacity, and sharing knowledge across
countries to facilitate informed, country-specific, fiscally
sustainable social protection and labor programs and
systems. The World Bank will support this agenda not only
through lending, but critically by improving evidence,
building capacity, and supporting knowledge sharing and
collaboration across countries. This social protection and
labor strategy builds on the achievements as well as the
lessons from practice over the last decade and more.
Moreover, it builds on the basic analytical foundation of
the first World Bank social protection and labor strategy.
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Citation
“World Bank. 2012. Resilience, Equity, and Opportunity. © Washington, DC. http://hdl.handle.net/10986/12648 License: CC BY 3.0 IGO.”