Addressing the Covid-19 Economic Crisis in Asia Through Social Protection
UNDP : 2020
The COVID-19 crisis and its widespread impacts demonstrate the need to reform current social security systems in Asia. It is essential that countries build modern, comprehensive and universal systems that can effectively reduce poverty and inequality, and are more effective in tackling large-scale shocks. These reforms must also address gender disparities in wages and benefits, access to economic opportunities, and unpaid care work. This position note argues that
the current crisis presents an opportunity to build more effective social security schemes that can be scaled back once the crisis finishes. If a further crisis hits, they could be expanded once more. In contrast to the conventional belief that social security for all members of society is a cost to governments, it needs to be recognised as an important component of a long-term, sustainable development strategy.