Summary (English)

Social security not only alleviates poverty but also enables individuals to take economic risks and thus unlocks economic activity. Countries with developed social security systems have been less affected by the economic crisis.

However, the traditional social insurance model has been shown to have difficulties in reaching the poorest people, the International Labour Organization has estimated that about 80% of the world population is not properly covered. In the context of the global financial crisis, the Social Protection Floor supported by the United Nations has proposed several ways to create fiscal space for social security, such as: revenues from minerals, privatization of public goods and companies, VAT, etc.

• Summary of the presentation