1945

Poverty, insecurity and development risks

Previous chapters have pointed to the growing threat in recent decades of serious downside economic risks facing individuals, communities and countries. Heightened exposure has been associated with financial shocks, natural disasters and social conflicts. Yet the deepening sense of insecurity has had just as much to do with the lack of effective policy responses. The Survey associates this failure, in part, with a policy bias built around the misguided idea of a self-regulating market economy. There is a clear and urgent need for a new balance between the market and the public interest along with a more integrated social and economic policy framework which can provide and preserve a secure and stable economic future.

Related Subject(s): Economic and Social Development
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