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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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Preface

In rich and poor countries alike, economic security is under threat. Sixty years ago, the Universal Declaration of Human Rights affirmed that everyone should have access to a standard of living adequate for their health and well-being, “…including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control” (article 25). Yet, despite considerable progress since then at all levels, heightened risks and new threats jeopardize a more secure future and the goal of achieving development for all.

English

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