Can Social Protection Be an Engine for Inclusive Growth?
The potential role of social protection in the development process has received heightened
recognition in recent years, yet making a strong investment case for social protection
remains particularly challenging in many emerging and developing countries. This report
challenges us to think deeply about the economic rationale for social protection investments
through an inclusive development lens. It helps us understand the links between social
protection, growth and inequality; how to measure those links empirically; social
protection’s impact on inclusive growth; and how to build a more solid economic case
for greater social protection investments.
The report adds to the debate on social protection in three ways. First, it proposes
a methodological framework to conceptualise and measure the impact of social protection
on what the OECD defines as inclusive growth. Second, it provides new empirical evidence
on the impact of different social protection programmes on inclusive growth. Third,
it helps strengthen the case for greater investments in social protection while also
calling for better data to measure impacts.
Published on April 24, 2019
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