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Social protection: Not an option but a necessity in Asia and the Pacific
Daily FT
|August 22, 2025
ASIA and the Pacific is navigating multiple disruptions, both positive and negative. Economic restructuring, green transitions, intensifying climate change, demographic shifts and digital transformations are posing a critical question: how do we ensure that large numbers of people are not left behind?
One response is indispensable. Social protection for individuals and households must be recognised not just as a safety net, but as an economically and socially empowering instrument that brings stability, prosperity and resilience.
Across the region, many workers are already experiencing disruptions caused by intensifying climate risks, shifting job markets and deepening inequalities. These are not abstract threats; they frame existential livelihood challenges for hundreds of millions of people in the region.
This makes social protection imperative. Smartly designed and delivered, it can enable more inclusive economic progress in the short and medium term, leading to more resilient societies that can respond faster and more effectively to shocks. Effective social protection mechanisms keep households afloat for extended periods, allow workers to transition smoothly from brown to green jobs, support caregiving and old-age security, and give people the confidence to pivot to new skills, jobs and business ventures.
Social protection for individuals and households must be recognised not just as a safety net, but as an economically and socially empowering instrument that brings stability, prosperity and resilience
यह कहानी Daily FT के August 22, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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