Formal and informal social safety nets : growth and development in the modern economy / Mohammad Ashraf.

Format:

Book

Author/Creator:

Ashraf, Mohammad, 1962-

Language:

English

Subjects (All):

Structural adjustment (Economic policy)--Social aspects.

Structural adjustment (Economic policy).

Economic development--Technological innovations.

Economic development.

Income distribution.

Physical Description:

xii, 242 pages : illustrations ; 23 cm

Place of Publication:

New York, NY : Palgrave Macmillan, 2014.

Summary:

The Great Recession increased public debts across the globe and has thus reinvigorated the debate over social safety nets. Provision of social safety nets is often cited as one of the main reasons for the recent growth in public debt. In Formal and Informal Social Safety Nets, Ashraf analyses the role of social safety nets in a time when our global economy threatens our way of life, as entire cities such as Detroit are declared bankrupt. By dividing safety nets into two major categories, "informal social safety nets" and "formal social safety nets," in conjunction with empirical evidence based on in-depth statistical analyses of data, Ashraf argues that government-provided, tax-funded formal social safety nets are not only essential for a modern economy, but may even promote innovation and economic growth and development. Book jacket.

Contents:

Why do social safety nets matter?

The need for formal social safety nets

Research and development, innovation, and economic growth

Innovation and social safety nets

Income distribution and economic growth and development

Formal social safety nets, income distribution, and the society

Financing of formal social safety nets

Faith-based organizations and the provision of informal social safety

Concluding remarks.

Notes:

Includes bibliographical references (pages 229-238) and index.

ISBN:

9781137388957

1137388951

OCLC:

867001173