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World Economic and Social Survey 2008

Overcoming Economic Insecurity

image of World Economic and Social Survey 2008

According to the Survey, economic insecurity arises from the exposure of individuals, communities and countries to adverse events, and from their inability to cope with and recover from the downside losses. Local concerns have been compounded by new global threats as unregulated markets and climate change. The Survey offers a different approach with a strong “social contract” and more integrated and pragmatic economic and social policy. It calls for more active policy responses to help communities better manage these new risks, increased investment in preventing threatening events from emerging and more concerted efforts to strengthen the underlying social contracts which are, in the end, the real basis of a more secure, stable and just future.

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Forces of nature? The climatic threat to economic security

The capricious force of nature can have a devastating impact on the livelihoods of households and communities across the world. For some, particularly those living on small islands and in poor agricultural economies, such disasters often pose the single greatest threat to their security and welfare. Moreover, these are the communities most at risk with respect to the rising incidence of disasters, which are striking more than four times as frequently today as in the 1970s, and costing, on average, almost seven times as much.

English

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