South Korea Will Give New Parents $770 a Month to Have a Child

Social Protection

Public welfare policies and social protection systems serve functions at every level of economic development. Their basic elements can include systems for education and healthcare, benefits for the elderly, retired and disabled, and assistance for the needy and vulnerable. COVID-19 has vividly demonstrated the vital significance of social protection in all of these forms. Yet, societies everywhere continue to face serious challenges as they seek to adapt their approaches to welfare and social protection in light of ageing populations, changing labour markets, and the relentless pressures of international economic competition.This briefing is based on the views of a wide range of...