Social protection is important for preventing people from falling into poverty and enabling those who are poor to escape the poverty trap. In the absence of social protection people are subjected to increased risks of sinking below the poverty line or remaining caught in poverty. Moreover, there is strong evidence that social security contributes to economic growth by raising labour productivity and enhancing social stability.
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Social security, poverty reduction and development. Arguments for enlarging the concept and coverage of social security in a globalizing worldExtension of Social Security Series, ESS Paper 21K.P. Kannan; ILO, Social Security Policy and Development Branch, 2004 More info...

