Managing risk and minimizing vulnerability

The role of social protection in pro-poor growth

This paper argues that a pro-poor growth strategy should aim at minimizing vulnerability to poverty – in all its dimensions. It examines two areas where policies for social protection, employment and economic growth can reinforce each other: (i) the link between extending social health protection and the productivity of employment; and (ii) the synergy between tax-financed cash transfers and pro-poor growth. Finally, it also emphasizes the need for a coherent global strategy, which should aim at achieving equality of opportunity.