Social safety nets = Social welfare
The Social Policy programme of the Graduate School of Social Sciences at METU hosted a world renowned professor on development and growth economy: François Bourguignon.
New Horizons - Formerly the chief economist at the World Bank, Bourguignon is currently the director of the Paris School of Economics. On 9 July, he gave a seminar titled “Social safety nets in good and bad times” at METU.
The Human Development Dialogue supported by the UN Turkey Office and the World Bank Turkey office complements ongoing initiatives and activities throughout Turkey. Linking up with existing centers of dialogues at major universities in the country, the Dialogue invites speakers from abroad to talk about new analytical findings and evidence as well as ongoing policy discussions and reforms with regard to human development.
Being the 6th in the series of the Human Development Dialogue, “Social safety nets in good and bad times” provided detailed insight on social safety systems, building effective and efficient social safety nets, and the size and structure of safety nets.
Underlining the importance of developing of social safety nets which are directly correlated with increased social welfare, Bourguignon drew attention to the fact that effective social safety systems encompass society as a whole. Exemplifying Brasil, Bourguignon said that the country reduced social inequality rates through social policy reforms. Given the current fluctuations in the economy evident throughout the world, he further mentioned the importance of social insurance and assistance as automatic stabilizers. Bourguignon explained unemployment in times of systemic crises actually benefits social safety mechanisms by compensating for the drop in fiscal demand. As a consequence, he claimed that investments will continue enabling ease in overcoming crises.
For more information about The Human Development Dialogue please click here.
Please click here to view the “Social safety nets in good and bad times” presentation in full.