Bailing Out the World's Poorest

While the 2008 financial crisis is global in nature, it is likely to have heterogeneous welfare impacts within the developing world, with some countries, and some people, more vulnerable than others. It also threatens to have lasting impacts for some of those affected, notably through the nutrition and schooling of children in poor families. These features point to the need for a differentiated social policy response, aiming to provide rapid income support to those in most need, while preserving the key physical and human assets of poor people and their communities. The paper points out some mistakes in past crisis responses and identifies key design features for safety net programs that can help compensate for the likely welfare losses in the short-term while also promoting longer-term recovery.

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Bibliographic Details
Main Author: Ravallion, Martin
Language:English
Published: Washington, DC: World Bank 2008-10
Subjects:ADMINISTRATIVE COST, ADMINISTRATIVE COSTS, AGRICULTURAL TECHNOLOGIES, ANTI-POVERTY, ANTI-POVERTY PROGRAM, ANTI-POVERTY PROGRAMS, ANTIPOVERTY PROGRAM, ASSET DISTRIBUTION, BENEFICIARIES, BENEFIT LEVEL, BENEFIT LEVELS, CASH TRANSFER, CASH TRANSFERS, CHILD GROWTH, CHILD HEALTH, CHILD LABOR, CHRONIC POVERTY, CITIZENS, COMMUNITY GROUP, COMMUNITY GROUPS, COMMUNITY PROJECTS, COMMUNITY WORKS, CONDITIONAL CASH, COPING STRATEGIES, COST-EFFECTIVENESS, COUNTERFACTUAL, CULTURAL CHANGE, DEBTS, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT GOALS, DEVELOPMENT POLICY, DROUGHT, DURABLE ASSETS, DYNAMIC POVERTY, EARLY CHILDHOOD, EARNINGS, ECONOMIC ACTIVITY, ECONOMIC COST, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC SHOCKS, EGS, EMPLOYMENT GUARANTEE, EMPLOYMENT GUARANTEE SCHEME, EXTERNAL AID, EXTERNAL SHOCK, EXTRA CASH, EXTREME POVERTY, FAMILY SIZE, FAMINE, FARM HOUSEHOLDS, FARMERS, FIGHT AGAINST POVERTY, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SECTORS, FINANCIAL SYSTEM, FOOD ITEMS, FOOD POLICY, FOOD PRICES, FOOD SUBSIDIES, FOOD-FOR-EDUCATION, FOREIGN INVESTMENT, FULL EMPLOYMENT, FUTURE INCOMES, GLOBAL MARKETS, HEALTH CARE, HIGH INEQUALITY, HOUSEHOLD WELFARE, HUMAN ASSETS, HUMAN RESOURCES, IDIOSYNCRATIC RISK, IDIOSYNCRATIC SHOCKS, IMPACT ON POVERTY, INCOME, INCOME DISTRIBUTION, INCOME GAINS, INCOME GROUPS, INCOME LOSSES, INCOME POVERTY, INCOME SUPPORT, INCREASE IN INCOME, INDICATOR TARGETING, INEQUALITY, INFANT, INFANT MORTALITY, INFLATION, INFORMATION SYSTEMS, INSURANCE, INTERNATIONAL FOOD POLICY, INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE, INVESTMENT DECISIONS, KIDS, LABOR FORCE, LABOR MARKETS, LABOR SUPPLY, LENDERS, LIVING CONDITIONS, LIVING STANDARDS, LOCAL COMMUNITIES, LOCAL COMMUNITY, LOCAL GOVERNMENTS, LOW INCOME, LOW-INCOME COUNTRIES, MACROECONOMIC STABILITY, MAIN ANTI-POVERTY PROGRAM, MALNUTRITION, MARGINAL TAX RATE, MARKET ECONOMIES, MARKET FAILURES, MARKET WAGE, MEANS TEST, MEANS TESTING, MINIMUM WAGE, MINORITY, MONETARY POLICIES, MORAL HAZARD, MUTUAL INSURANCE, NATIONAL COVERAGE, NATURAL DISASTERS, NEW DEAL, NUTRITIONAL STATUS, PERSISTENT POVERTY, POLICY DISCUSSIONS, POLICY MAKERS, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, POLICY RESPONSE, POLITICAL ECONOMY, POLITICAL SUPPORT, POOR, POOR AREAS, POOR COMMUNITIES, POOR COUNTRIES, POOR FAMILIES, POOR HOUSEHOLD, POOR HOUSEHOLDS, POOR NUTRITION, POOR PEOPLE, POOR RURAL HOUSEHOLDS, POORER PEOPLE, POPULATION AND DEVELOPMENT, POVERTY GAP, POVERTY IMPACT, POVERTY INCIDENCE, POVERTY LINE, POVERTY MAP, POVERTY MAPS, POVERTY RATE, POVERTY REDUCTION, POVERTY TRAPS, PRIMARY SCHOOL, PRIVATE TRANSFERS, PRODUCTIVE ASSETS, PRODUCTIVITY, PROGRESS, PUBLIC ACTION, PUBLIC GOODS, PUBLIC KNOWLEDGE, PUBLIC SAFETY NET, PUBLIC SAFETY NETS, PUBLIC SPENDING, PUBLIC WORKS, PUBLIC WORKS PROGRAMS, RAPID GROWTH, RECESSIONS, RECIPROCITY, RESOURCE CONSTRAINTS, RESPECT, RESPONSE TO CRISES, RISKY BEHAVIOR, RURAL, RURAL AREAS, RURAL DEVELOPMENT, RURAL EMPLOYMENT, RURAL FAMILIES, RURAL POOR, RURAL ROADS, SAFETY NET, SAFETY NET PROGRAMS, SAFETY NETS, SAVINGS, SAVINGS RATES, SCHOOL ATTENDANCE, SECONDARY SCHOOL, SECONDARY SCHOOL LEVEL, SELF-INSURANCE, SHOCK, SOCIAL POLICY, SOCIAL PROTECTION, SOCIAL SAFETY NET, SOCIAL SAFETY NETS, SOCIAL SECURITY, SOCIAL SPENDING, STOCKS, SUBSIDIZING, TARGETING, TAXATION, TECHNICAL ASSISTANCE, TEENAGERS, TRANSFER BENEFITS, TRANSFER PAYMENT, TRANSFER PROGRAM, TRANSFERS IN CASH, TRANSIENT POVERTY, UNEMPLOYMENT, UNEMPLOYMENT RATES, UNINSURED RISK, URBAN POPULATIONS, VICTIMS, WAGE RATE, WAGE RATES, WAGE WORK, WAGES, WEALTH INEQUALITY, WEATHER RISKS, WITHDRAWAL, WORK PROGRAM, WORK PROGRAMS, WORK REQUIREMENT, WORK REQUIREMENTS, WORKFARE, WORKFORCE, WORKS PROJECT, WORKS PROJECTS, WORTH, YOUNG CHILDREN,
Online Access:http://documents.worldbank.org/curated/en/2008/12/10107893/bailing-out-worlds-poorest
https://hdl.handle.net/10986/6288
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institution Banco Mundial
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countrycode US
component Bibliográfico
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databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
topic ADMINISTRATIVE COST
ADMINISTRATIVE COSTS
AGRICULTURAL TECHNOLOGIES
ANTI-POVERTY
ANTI-POVERTY PROGRAM
ANTI-POVERTY PROGRAMS
ANTIPOVERTY PROGRAM
ASSET DISTRIBUTION
BENEFICIARIES
BENEFIT LEVEL
BENEFIT LEVELS
CASH TRANSFER
CASH TRANSFERS
CHILD GROWTH
CHILD HEALTH
CHILD LABOR
CHRONIC POVERTY
CITIZENS
COMMUNITY GROUP
COMMUNITY GROUPS
COMMUNITY PROJECTS
COMMUNITY WORKS
CONDITIONAL CASH
COPING STRATEGIES
COST-EFFECTIVENESS
COUNTERFACTUAL
CULTURAL CHANGE
DEBTS
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT GOALS
DEVELOPMENT POLICY
DROUGHT
DURABLE ASSETS
DYNAMIC POVERTY
EARLY CHILDHOOD
EARNINGS
ECONOMIC ACTIVITY
ECONOMIC COST
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC SHOCKS
EGS
EMPLOYMENT GUARANTEE
EMPLOYMENT GUARANTEE SCHEME
EXTERNAL AID
EXTERNAL SHOCK
EXTRA CASH
EXTREME POVERTY
FAMILY SIZE
FAMINE
FARM HOUSEHOLDS
FARMERS
FIGHT AGAINST POVERTY
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTORS
FINANCIAL SYSTEM
FOOD ITEMS
FOOD POLICY
FOOD PRICES
FOOD SUBSIDIES
FOOD-FOR-EDUCATION
FOREIGN INVESTMENT
FULL EMPLOYMENT
FUTURE INCOMES
GLOBAL MARKETS
HEALTH CARE
HIGH INEQUALITY
HOUSEHOLD WELFARE
HUMAN ASSETS
HUMAN RESOURCES
IDIOSYNCRATIC RISK
IDIOSYNCRATIC SHOCKS
IMPACT ON POVERTY
INCOME
INCOME DISTRIBUTION
INCOME GAINS
INCOME GROUPS
INCOME LOSSES
INCOME POVERTY
INCOME SUPPORT
INCREASE IN INCOME
INDICATOR TARGETING
INEQUALITY
INFANT
INFANT MORTALITY
INFLATION
INFORMATION SYSTEMS
INSURANCE
INTERNATIONAL FOOD POLICY
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
INVESTMENT DECISIONS
KIDS
LABOR FORCE
LABOR MARKETS
LABOR SUPPLY
LENDERS
LIVING CONDITIONS
LIVING STANDARDS
LOCAL COMMUNITIES
LOCAL COMMUNITY
LOCAL GOVERNMENTS
LOW INCOME
LOW-INCOME COUNTRIES
MACROECONOMIC STABILITY
MAIN ANTI-POVERTY PROGRAM
MALNUTRITION
MARGINAL TAX RATE
MARKET ECONOMIES
MARKET FAILURES
MARKET WAGE
MEANS TEST
MEANS TESTING
MINIMUM WAGE
MINORITY
MONETARY POLICIES
MORAL HAZARD
MUTUAL INSURANCE
NATIONAL COVERAGE
NATURAL DISASTERS
NEW DEAL
NUTRITIONAL STATUS
PERSISTENT POVERTY
POLICY DISCUSSIONS
POLICY MAKERS
POLICY RESEARCH
POLICY RESEARCH WORKING PAPER
POLICY RESPONSE
POLITICAL ECONOMY
POLITICAL SUPPORT
POOR
POOR AREAS
POOR COMMUNITIES
POOR COUNTRIES
POOR FAMILIES
POOR HOUSEHOLD
POOR HOUSEHOLDS
POOR NUTRITION
POOR PEOPLE
POOR RURAL HOUSEHOLDS
POORER PEOPLE
POPULATION AND DEVELOPMENT
POVERTY GAP
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY LINE
POVERTY MAP
POVERTY MAPS
POVERTY RATE
POVERTY REDUCTION
POVERTY TRAPS
PRIMARY SCHOOL
PRIVATE TRANSFERS
PRODUCTIVE ASSETS
PRODUCTIVITY
PROGRESS
PUBLIC ACTION
PUBLIC GOODS
PUBLIC KNOWLEDGE
PUBLIC SAFETY NET
PUBLIC SAFETY NETS
PUBLIC SPENDING
PUBLIC WORKS
PUBLIC WORKS PROGRAMS
RAPID GROWTH
RECESSIONS
RECIPROCITY
RESOURCE CONSTRAINTS
RESPECT
RESPONSE TO CRISES
RISKY BEHAVIOR
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL EMPLOYMENT
RURAL FAMILIES
RURAL POOR
RURAL ROADS
SAFETY NET
SAFETY NET PROGRAMS
SAFETY NETS
SAVINGS
SAVINGS RATES
SCHOOL ATTENDANCE
SECONDARY SCHOOL
SECONDARY SCHOOL LEVEL
SELF-INSURANCE
SHOCK
SOCIAL POLICY
SOCIAL PROTECTION
SOCIAL SAFETY NET
SOCIAL SAFETY NETS
SOCIAL SECURITY
SOCIAL SPENDING
STOCKS
SUBSIDIZING
TARGETING
TAXATION
TECHNICAL ASSISTANCE
TEENAGERS
TRANSFER BENEFITS
TRANSFER PAYMENT
TRANSFER PROGRAM
TRANSFERS IN CASH
TRANSIENT POVERTY
UNEMPLOYMENT
UNEMPLOYMENT RATES
UNINSURED RISK
URBAN POPULATIONS
VICTIMS
WAGE RATE
WAGE RATES
WAGE WORK
WAGES
WEALTH INEQUALITY
WEATHER RISKS
WITHDRAWAL
WORK PROGRAM
WORK PROGRAMS
WORK REQUIREMENT
WORK REQUIREMENTS
WORKFARE
WORKFORCE
WORKS PROJECT
WORKS PROJECTS
WORTH
YOUNG CHILDREN
ADMINISTRATIVE COST
ADMINISTRATIVE COSTS
AGRICULTURAL TECHNOLOGIES
ANTI-POVERTY
ANTI-POVERTY PROGRAM
ANTI-POVERTY PROGRAMS
ANTIPOVERTY PROGRAM
ASSET DISTRIBUTION
BENEFICIARIES
BENEFIT LEVEL
BENEFIT LEVELS
CASH TRANSFER
CASH TRANSFERS
CHILD GROWTH
CHILD HEALTH
CHILD LABOR
CHRONIC POVERTY
CITIZENS
COMMUNITY GROUP
COMMUNITY GROUPS
COMMUNITY PROJECTS
COMMUNITY WORKS
CONDITIONAL CASH
COPING STRATEGIES
COST-EFFECTIVENESS
COUNTERFACTUAL
CULTURAL CHANGE
DEBTS
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT GOALS
DEVELOPMENT POLICY
DROUGHT
DURABLE ASSETS
DYNAMIC POVERTY
EARLY CHILDHOOD
EARNINGS
ECONOMIC ACTIVITY
ECONOMIC COST
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC SHOCKS
EGS
EMPLOYMENT GUARANTEE
EMPLOYMENT GUARANTEE SCHEME
EXTERNAL AID
EXTERNAL SHOCK
EXTRA CASH
EXTREME POVERTY
FAMILY SIZE
FAMINE
FARM HOUSEHOLDS
FARMERS
FIGHT AGAINST POVERTY
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTORS
FINANCIAL SYSTEM
FOOD ITEMS
FOOD POLICY
FOOD PRICES
FOOD SUBSIDIES
FOOD-FOR-EDUCATION
FOREIGN INVESTMENT
FULL EMPLOYMENT
FUTURE INCOMES
GLOBAL MARKETS
HEALTH CARE
HIGH INEQUALITY
HOUSEHOLD WELFARE
HUMAN ASSETS
HUMAN RESOURCES
IDIOSYNCRATIC RISK
IDIOSYNCRATIC SHOCKS
IMPACT ON POVERTY
INCOME
INCOME DISTRIBUTION
INCOME GAINS
INCOME GROUPS
INCOME LOSSES
INCOME POVERTY
INCOME SUPPORT
INCREASE IN INCOME
INDICATOR TARGETING
INEQUALITY
INFANT
INFANT MORTALITY
INFLATION
INFORMATION SYSTEMS
INSURANCE
INTERNATIONAL FOOD POLICY
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
INVESTMENT DECISIONS
KIDS
LABOR FORCE
LABOR MARKETS
LABOR SUPPLY
LENDERS
LIVING CONDITIONS
LIVING STANDARDS
LOCAL COMMUNITIES
LOCAL COMMUNITY
LOCAL GOVERNMENTS
LOW INCOME
LOW-INCOME COUNTRIES
MACROECONOMIC STABILITY
MAIN ANTI-POVERTY PROGRAM
MALNUTRITION
MARGINAL TAX RATE
MARKET ECONOMIES
MARKET FAILURES
MARKET WAGE
MEANS TEST
MEANS TESTING
MINIMUM WAGE
MINORITY
MONETARY POLICIES
MORAL HAZARD
MUTUAL INSURANCE
NATIONAL COVERAGE
NATURAL DISASTERS
NEW DEAL
NUTRITIONAL STATUS
PERSISTENT POVERTY
POLICY DISCUSSIONS
POLICY MAKERS
POLICY RESEARCH
POLICY RESEARCH WORKING PAPER
POLICY RESPONSE
POLITICAL ECONOMY
POLITICAL SUPPORT
POOR
POOR AREAS
POOR COMMUNITIES
POOR COUNTRIES
POOR FAMILIES
POOR HOUSEHOLD
POOR HOUSEHOLDS
POOR NUTRITION
POOR PEOPLE
POOR RURAL HOUSEHOLDS
POORER PEOPLE
POPULATION AND DEVELOPMENT
POVERTY GAP
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY LINE
POVERTY MAP
POVERTY MAPS
POVERTY RATE
POVERTY REDUCTION
POVERTY TRAPS
PRIMARY SCHOOL
PRIVATE TRANSFERS
PRODUCTIVE ASSETS
PRODUCTIVITY
PROGRESS
PUBLIC ACTION
PUBLIC GOODS
PUBLIC KNOWLEDGE
PUBLIC SAFETY NET
PUBLIC SAFETY NETS
PUBLIC SPENDING
PUBLIC WORKS
PUBLIC WORKS PROGRAMS
RAPID GROWTH
RECESSIONS
RECIPROCITY
RESOURCE CONSTRAINTS
RESPECT
RESPONSE TO CRISES
RISKY BEHAVIOR
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL EMPLOYMENT
RURAL FAMILIES
RURAL POOR
RURAL ROADS
SAFETY NET
SAFETY NET PROGRAMS
SAFETY NETS
SAVINGS
SAVINGS RATES
SCHOOL ATTENDANCE
SECONDARY SCHOOL
SECONDARY SCHOOL LEVEL
SELF-INSURANCE
SHOCK
SOCIAL POLICY
SOCIAL PROTECTION
SOCIAL SAFETY NET
SOCIAL SAFETY NETS
SOCIAL SECURITY
SOCIAL SPENDING
STOCKS
SUBSIDIZING
TARGETING
TAXATION
TECHNICAL ASSISTANCE
TEENAGERS
TRANSFER BENEFITS
TRANSFER PAYMENT
TRANSFER PROGRAM
TRANSFERS IN CASH
TRANSIENT POVERTY
UNEMPLOYMENT
UNEMPLOYMENT RATES
UNINSURED RISK
URBAN POPULATIONS
VICTIMS
WAGE RATE
WAGE RATES
WAGE WORK
WAGES
WEALTH INEQUALITY
WEATHER RISKS
WITHDRAWAL
WORK PROGRAM
WORK PROGRAMS
WORK REQUIREMENT
WORK REQUIREMENTS
WORKFARE
WORKFORCE
WORKS PROJECT
WORKS PROJECTS
WORTH
YOUNG CHILDREN
spellingShingle ADMINISTRATIVE COST
ADMINISTRATIVE COSTS
AGRICULTURAL TECHNOLOGIES
ANTI-POVERTY
ANTI-POVERTY PROGRAM
ANTI-POVERTY PROGRAMS
ANTIPOVERTY PROGRAM
ASSET DISTRIBUTION
BENEFICIARIES
BENEFIT LEVEL
BENEFIT LEVELS
CASH TRANSFER
CASH TRANSFERS
CHILD GROWTH
CHILD HEALTH
CHILD LABOR
CHRONIC POVERTY
CITIZENS
COMMUNITY GROUP
COMMUNITY GROUPS
COMMUNITY PROJECTS
COMMUNITY WORKS
CONDITIONAL CASH
COPING STRATEGIES
COST-EFFECTIVENESS
COUNTERFACTUAL
CULTURAL CHANGE
DEBTS
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT GOALS
DEVELOPMENT POLICY
DROUGHT
DURABLE ASSETS
DYNAMIC POVERTY
EARLY CHILDHOOD
EARNINGS
ECONOMIC ACTIVITY
ECONOMIC COST
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC SHOCKS
EGS
EMPLOYMENT GUARANTEE
EMPLOYMENT GUARANTEE SCHEME
EXTERNAL AID
EXTERNAL SHOCK
EXTRA CASH
EXTREME POVERTY
FAMILY SIZE
FAMINE
FARM HOUSEHOLDS
FARMERS
FIGHT AGAINST POVERTY
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTORS
FINANCIAL SYSTEM
FOOD ITEMS
FOOD POLICY
FOOD PRICES
FOOD SUBSIDIES
FOOD-FOR-EDUCATION
FOREIGN INVESTMENT
FULL EMPLOYMENT
FUTURE INCOMES
GLOBAL MARKETS
HEALTH CARE
HIGH INEQUALITY
HOUSEHOLD WELFARE
HUMAN ASSETS
HUMAN RESOURCES
IDIOSYNCRATIC RISK
IDIOSYNCRATIC SHOCKS
IMPACT ON POVERTY
INCOME
INCOME DISTRIBUTION
INCOME GAINS
INCOME GROUPS
INCOME LOSSES
INCOME POVERTY
INCOME SUPPORT
INCREASE IN INCOME
INDICATOR TARGETING
INEQUALITY
INFANT
INFANT MORTALITY
INFLATION
INFORMATION SYSTEMS
INSURANCE
INTERNATIONAL FOOD POLICY
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
INVESTMENT DECISIONS
KIDS
LABOR FORCE
LABOR MARKETS
LABOR SUPPLY
LENDERS
LIVING CONDITIONS
LIVING STANDARDS
LOCAL COMMUNITIES
LOCAL COMMUNITY
LOCAL GOVERNMENTS
LOW INCOME
LOW-INCOME COUNTRIES
MACROECONOMIC STABILITY
MAIN ANTI-POVERTY PROGRAM
MALNUTRITION
MARGINAL TAX RATE
MARKET ECONOMIES
MARKET FAILURES
MARKET WAGE
MEANS TEST
MEANS TESTING
MINIMUM WAGE
MINORITY
MONETARY POLICIES
MORAL HAZARD
MUTUAL INSURANCE
NATIONAL COVERAGE
NATURAL DISASTERS
NEW DEAL
NUTRITIONAL STATUS
PERSISTENT POVERTY
POLICY DISCUSSIONS
POLICY MAKERS
POLICY RESEARCH
POLICY RESEARCH WORKING PAPER
POLICY RESPONSE
POLITICAL ECONOMY
POLITICAL SUPPORT
POOR
POOR AREAS
POOR COMMUNITIES
POOR COUNTRIES
POOR FAMILIES
POOR HOUSEHOLD
POOR HOUSEHOLDS
POOR NUTRITION
POOR PEOPLE
POOR RURAL HOUSEHOLDS
POORER PEOPLE
POPULATION AND DEVELOPMENT
POVERTY GAP
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY LINE
POVERTY MAP
POVERTY MAPS
POVERTY RATE
POVERTY REDUCTION
POVERTY TRAPS
PRIMARY SCHOOL
PRIVATE TRANSFERS
PRODUCTIVE ASSETS
PRODUCTIVITY
PROGRESS
PUBLIC ACTION
PUBLIC GOODS
PUBLIC KNOWLEDGE
PUBLIC SAFETY NET
PUBLIC SAFETY NETS
PUBLIC SPENDING
PUBLIC WORKS
PUBLIC WORKS PROGRAMS
RAPID GROWTH
RECESSIONS
RECIPROCITY
RESOURCE CONSTRAINTS
RESPECT
RESPONSE TO CRISES
RISKY BEHAVIOR
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL EMPLOYMENT
RURAL FAMILIES
RURAL POOR
RURAL ROADS
SAFETY NET
SAFETY NET PROGRAMS
SAFETY NETS
SAVINGS
SAVINGS RATES
SCHOOL ATTENDANCE
SECONDARY SCHOOL
SECONDARY SCHOOL LEVEL
SELF-INSURANCE
SHOCK
SOCIAL POLICY
SOCIAL PROTECTION
SOCIAL SAFETY NET
SOCIAL SAFETY NETS
SOCIAL SECURITY
SOCIAL SPENDING
STOCKS
SUBSIDIZING
TARGETING
TAXATION
TECHNICAL ASSISTANCE
TEENAGERS
TRANSFER BENEFITS
TRANSFER PAYMENT
TRANSFER PROGRAM
TRANSFERS IN CASH
TRANSIENT POVERTY
UNEMPLOYMENT
UNEMPLOYMENT RATES
UNINSURED RISK
URBAN POPULATIONS
VICTIMS
WAGE RATE
WAGE RATES
WAGE WORK
WAGES
WEALTH INEQUALITY
WEATHER RISKS
WITHDRAWAL
WORK PROGRAM
WORK PROGRAMS
WORK REQUIREMENT
WORK REQUIREMENTS
WORKFARE
WORKFORCE
WORKS PROJECT
WORKS PROJECTS
WORTH
YOUNG CHILDREN
ADMINISTRATIVE COST
ADMINISTRATIVE COSTS
AGRICULTURAL TECHNOLOGIES
ANTI-POVERTY
ANTI-POVERTY PROGRAM
ANTI-POVERTY PROGRAMS
ANTIPOVERTY PROGRAM
ASSET DISTRIBUTION
BENEFICIARIES
BENEFIT LEVEL
BENEFIT LEVELS
CASH TRANSFER
CASH TRANSFERS
CHILD GROWTH
CHILD HEALTH
CHILD LABOR
CHRONIC POVERTY
CITIZENS
COMMUNITY GROUP
COMMUNITY GROUPS
COMMUNITY PROJECTS
COMMUNITY WORKS
CONDITIONAL CASH
COPING STRATEGIES
COST-EFFECTIVENESS
COUNTERFACTUAL
CULTURAL CHANGE
DEBTS
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT GOALS
DEVELOPMENT POLICY
DROUGHT
DURABLE ASSETS
DYNAMIC POVERTY
EARLY CHILDHOOD
EARNINGS
ECONOMIC ACTIVITY
ECONOMIC COST
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC SHOCKS
EGS
EMPLOYMENT GUARANTEE
EMPLOYMENT GUARANTEE SCHEME
EXTERNAL AID
EXTERNAL SHOCK
EXTRA CASH
EXTREME POVERTY
FAMILY SIZE
FAMINE
FARM HOUSEHOLDS
FARMERS
FIGHT AGAINST POVERTY
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTORS
FINANCIAL SYSTEM
FOOD ITEMS
FOOD POLICY
FOOD PRICES
FOOD SUBSIDIES
FOOD-FOR-EDUCATION
FOREIGN INVESTMENT
FULL EMPLOYMENT
FUTURE INCOMES
GLOBAL MARKETS
HEALTH CARE
HIGH INEQUALITY
HOUSEHOLD WELFARE
HUMAN ASSETS
HUMAN RESOURCES
IDIOSYNCRATIC RISK
IDIOSYNCRATIC SHOCKS
IMPACT ON POVERTY
INCOME
INCOME DISTRIBUTION
INCOME GAINS
INCOME GROUPS
INCOME LOSSES
INCOME POVERTY
INCOME SUPPORT
INCREASE IN INCOME
INDICATOR TARGETING
INEQUALITY
INFANT
INFANT MORTALITY
INFLATION
INFORMATION SYSTEMS
INSURANCE
INTERNATIONAL FOOD POLICY
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
INVESTMENT DECISIONS
KIDS
LABOR FORCE
LABOR MARKETS
LABOR SUPPLY
LENDERS
LIVING CONDITIONS
LIVING STANDARDS
LOCAL COMMUNITIES
LOCAL COMMUNITY
LOCAL GOVERNMENTS
LOW INCOME
LOW-INCOME COUNTRIES
MACROECONOMIC STABILITY
MAIN ANTI-POVERTY PROGRAM
MALNUTRITION
MARGINAL TAX RATE
MARKET ECONOMIES
MARKET FAILURES
MARKET WAGE
MEANS TEST
MEANS TESTING
MINIMUM WAGE
MINORITY
MONETARY POLICIES
MORAL HAZARD
MUTUAL INSURANCE
NATIONAL COVERAGE
NATURAL DISASTERS
NEW DEAL
NUTRITIONAL STATUS
PERSISTENT POVERTY
POLICY DISCUSSIONS
POLICY MAKERS
POLICY RESEARCH
POLICY RESEARCH WORKING PAPER
POLICY RESPONSE
POLITICAL ECONOMY
POLITICAL SUPPORT
POOR
POOR AREAS
POOR COMMUNITIES
POOR COUNTRIES
POOR FAMILIES
POOR HOUSEHOLD
POOR HOUSEHOLDS
POOR NUTRITION
POOR PEOPLE
POOR RURAL HOUSEHOLDS
POORER PEOPLE
POPULATION AND DEVELOPMENT
POVERTY GAP
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY LINE
POVERTY MAP
POVERTY MAPS
POVERTY RATE
POVERTY REDUCTION
POVERTY TRAPS
PRIMARY SCHOOL
PRIVATE TRANSFERS
PRODUCTIVE ASSETS
PRODUCTIVITY
PROGRESS
PUBLIC ACTION
PUBLIC GOODS
PUBLIC KNOWLEDGE
PUBLIC SAFETY NET
PUBLIC SAFETY NETS
PUBLIC SPENDING
PUBLIC WORKS
PUBLIC WORKS PROGRAMS
RAPID GROWTH
RECESSIONS
RECIPROCITY
RESOURCE CONSTRAINTS
RESPECT
RESPONSE TO CRISES
RISKY BEHAVIOR
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL EMPLOYMENT
RURAL FAMILIES
RURAL POOR
RURAL ROADS
SAFETY NET
SAFETY NET PROGRAMS
SAFETY NETS
SAVINGS
SAVINGS RATES
SCHOOL ATTENDANCE
SECONDARY SCHOOL
SECONDARY SCHOOL LEVEL
SELF-INSURANCE
SHOCK
SOCIAL POLICY
SOCIAL PROTECTION
SOCIAL SAFETY NET
SOCIAL SAFETY NETS
SOCIAL SECURITY
SOCIAL SPENDING
STOCKS
SUBSIDIZING
TARGETING
TAXATION
TECHNICAL ASSISTANCE
TEENAGERS
TRANSFER BENEFITS
TRANSFER PAYMENT
TRANSFER PROGRAM
TRANSFERS IN CASH
TRANSIENT POVERTY
UNEMPLOYMENT
UNEMPLOYMENT RATES
UNINSURED RISK
URBAN POPULATIONS
VICTIMS
WAGE RATE
WAGE RATES
WAGE WORK
WAGES
WEALTH INEQUALITY
WEATHER RISKS
WITHDRAWAL
WORK PROGRAM
WORK PROGRAMS
WORK REQUIREMENT
WORK REQUIREMENTS
WORKFARE
WORKFORCE
WORKS PROJECT
WORKS PROJECTS
WORTH
YOUNG CHILDREN
Ravallion, Martin
Bailing Out the World's Poorest
description While the 2008 financial crisis is global in nature, it is likely to have heterogeneous welfare impacts within the developing world, with some countries, and some people, more vulnerable than others. It also threatens to have lasting impacts for some of those affected, notably through the nutrition and schooling of children in poor families. These features point to the need for a differentiated social policy response, aiming to provide rapid income support to those in most need, while preserving the key physical and human assets of poor people and their communities. The paper points out some mistakes in past crisis responses and identifies key design features for safety net programs that can help compensate for the likely welfare losses in the short-term while also promoting longer-term recovery.
topic_facet ADMINISTRATIVE COST
ADMINISTRATIVE COSTS
AGRICULTURAL TECHNOLOGIES
ANTI-POVERTY
ANTI-POVERTY PROGRAM
ANTI-POVERTY PROGRAMS
ANTIPOVERTY PROGRAM
ASSET DISTRIBUTION
BENEFICIARIES
BENEFIT LEVEL
BENEFIT LEVELS
CASH TRANSFER
CASH TRANSFERS
CHILD GROWTH
CHILD HEALTH
CHILD LABOR
CHRONIC POVERTY
CITIZENS
COMMUNITY GROUP
COMMUNITY GROUPS
COMMUNITY PROJECTS
COMMUNITY WORKS
CONDITIONAL CASH
COPING STRATEGIES
COST-EFFECTIVENESS
COUNTERFACTUAL
CULTURAL CHANGE
DEBTS
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPMENT GOALS
DEVELOPMENT POLICY
DROUGHT
DURABLE ASSETS
DYNAMIC POVERTY
EARLY CHILDHOOD
EARNINGS
ECONOMIC ACTIVITY
ECONOMIC COST
ECONOMIC CRISIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC SHOCKS
EGS
EMPLOYMENT GUARANTEE
EMPLOYMENT GUARANTEE SCHEME
EXTERNAL AID
EXTERNAL SHOCK
EXTRA CASH
EXTREME POVERTY
FAMILY SIZE
FAMINE
FARM HOUSEHOLDS
FARMERS
FIGHT AGAINST POVERTY
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTORS
FINANCIAL SYSTEM
FOOD ITEMS
FOOD POLICY
FOOD PRICES
FOOD SUBSIDIES
FOOD-FOR-EDUCATION
FOREIGN INVESTMENT
FULL EMPLOYMENT
FUTURE INCOMES
GLOBAL MARKETS
HEALTH CARE
HIGH INEQUALITY
HOUSEHOLD WELFARE
HUMAN ASSETS
HUMAN RESOURCES
IDIOSYNCRATIC RISK
IDIOSYNCRATIC SHOCKS
IMPACT ON POVERTY
INCOME
INCOME DISTRIBUTION
INCOME GAINS
INCOME GROUPS
INCOME LOSSES
INCOME POVERTY
INCOME SUPPORT
INCREASE IN INCOME
INDICATOR TARGETING
INEQUALITY
INFANT
INFANT MORTALITY
INFLATION
INFORMATION SYSTEMS
INSURANCE
INTERNATIONAL FOOD POLICY
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
INVESTMENT DECISIONS
KIDS
LABOR FORCE
LABOR MARKETS
LABOR SUPPLY
LENDERS
LIVING CONDITIONS
LIVING STANDARDS
LOCAL COMMUNITIES
LOCAL COMMUNITY
LOCAL GOVERNMENTS
LOW INCOME
LOW-INCOME COUNTRIES
MACROECONOMIC STABILITY
MAIN ANTI-POVERTY PROGRAM
MALNUTRITION
MARGINAL TAX RATE
MARKET ECONOMIES
MARKET FAILURES
MARKET WAGE
MEANS TEST
MEANS TESTING
MINIMUM WAGE
MINORITY
MONETARY POLICIES
MORAL HAZARD
MUTUAL INSURANCE
NATIONAL COVERAGE
NATURAL DISASTERS
NEW DEAL
NUTRITIONAL STATUS
PERSISTENT POVERTY
POLICY DISCUSSIONS
POLICY MAKERS
POLICY RESEARCH
POLICY RESEARCH WORKING PAPER
POLICY RESPONSE
POLITICAL ECONOMY
POLITICAL SUPPORT
POOR
POOR AREAS
POOR COMMUNITIES
POOR COUNTRIES
POOR FAMILIES
POOR HOUSEHOLD
POOR HOUSEHOLDS
POOR NUTRITION
POOR PEOPLE
POOR RURAL HOUSEHOLDS
POORER PEOPLE
POPULATION AND DEVELOPMENT
POVERTY GAP
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY LINE
POVERTY MAP
POVERTY MAPS
POVERTY RATE
POVERTY REDUCTION
POVERTY TRAPS
PRIMARY SCHOOL
PRIVATE TRANSFERS
PRODUCTIVE ASSETS
PRODUCTIVITY
PROGRESS
PUBLIC ACTION
PUBLIC GOODS
PUBLIC KNOWLEDGE
PUBLIC SAFETY NET
PUBLIC SAFETY NETS
PUBLIC SPENDING
PUBLIC WORKS
PUBLIC WORKS PROGRAMS
RAPID GROWTH
RECESSIONS
RECIPROCITY
RESOURCE CONSTRAINTS
RESPECT
RESPONSE TO CRISES
RISKY BEHAVIOR
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL EMPLOYMENT
RURAL FAMILIES
RURAL POOR
RURAL ROADS
SAFETY NET
SAFETY NET PROGRAMS
SAFETY NETS
SAVINGS
SAVINGS RATES
SCHOOL ATTENDANCE
SECONDARY SCHOOL
SECONDARY SCHOOL LEVEL
SELF-INSURANCE
SHOCK
SOCIAL POLICY
SOCIAL PROTECTION
SOCIAL SAFETY NET
SOCIAL SAFETY NETS
SOCIAL SECURITY
SOCIAL SPENDING
STOCKS
SUBSIDIZING
TARGETING
TAXATION
TECHNICAL ASSISTANCE
TEENAGERS
TRANSFER BENEFITS
TRANSFER PAYMENT
TRANSFER PROGRAM
TRANSFERS IN CASH
TRANSIENT POVERTY
UNEMPLOYMENT
UNEMPLOYMENT RATES
UNINSURED RISK
URBAN POPULATIONS
VICTIMS
WAGE RATE
WAGE RATES
WAGE WORK
WAGES
WEALTH INEQUALITY
WEATHER RISKS
WITHDRAWAL
WORK PROGRAM
WORK PROGRAMS
WORK REQUIREMENT
WORK REQUIREMENTS
WORKFARE
WORKFORCE
WORKS PROJECT
WORKS PROJECTS
WORTH
YOUNG CHILDREN
author Ravallion, Martin
author_facet Ravallion, Martin
author_sort Ravallion, Martin
title Bailing Out the World's Poorest
title_short Bailing Out the World's Poorest
title_full Bailing Out the World's Poorest
title_fullStr Bailing Out the World's Poorest
title_full_unstemmed Bailing Out the World's Poorest
title_sort bailing out the world's poorest
publisher Washington, DC: World Bank
publishDate 2008-10
url http://documents.worldbank.org/curated/en/2008/12/10107893/bailing-out-worlds-poorest
https://hdl.handle.net/10986/6288
work_keys_str_mv AT ravallionmartin bailingouttheworldspoorest
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spelling dig-okr-1098662882024-08-08T16:31:29Z Bailing Out the World's Poorest Ravallion, Martin ADMINISTRATIVE COST ADMINISTRATIVE COSTS AGRICULTURAL TECHNOLOGIES ANTI-POVERTY ANTI-POVERTY PROGRAM ANTI-POVERTY PROGRAMS ANTIPOVERTY PROGRAM ASSET DISTRIBUTION BENEFICIARIES BENEFIT LEVEL BENEFIT LEVELS CASH TRANSFER CASH TRANSFERS CHILD GROWTH CHILD HEALTH CHILD LABOR CHRONIC POVERTY CITIZENS COMMUNITY GROUP COMMUNITY GROUPS COMMUNITY PROJECTS COMMUNITY WORKS CONDITIONAL CASH COPING STRATEGIES COST-EFFECTIVENESS COUNTERFACTUAL CULTURAL CHANGE DEBTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT GOALS DEVELOPMENT POLICY DROUGHT DURABLE ASSETS DYNAMIC POVERTY EARLY CHILDHOOD EARNINGS ECONOMIC ACTIVITY ECONOMIC COST ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC SHOCKS EGS EMPLOYMENT GUARANTEE EMPLOYMENT GUARANTEE SCHEME EXTERNAL AID EXTERNAL SHOCK EXTRA CASH EXTREME POVERTY FAMILY SIZE FAMINE FARM HOUSEHOLDS FARMERS FIGHT AGAINST POVERTY FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SYSTEM FOOD ITEMS FOOD POLICY FOOD PRICES FOOD SUBSIDIES FOOD-FOR-EDUCATION FOREIGN INVESTMENT FULL EMPLOYMENT FUTURE INCOMES GLOBAL MARKETS HEALTH CARE HIGH INEQUALITY HOUSEHOLD WELFARE HUMAN ASSETS HUMAN RESOURCES IDIOSYNCRATIC RISK IDIOSYNCRATIC SHOCKS IMPACT ON POVERTY INCOME INCOME DISTRIBUTION INCOME GAINS INCOME GROUPS INCOME LOSSES INCOME POVERTY INCOME SUPPORT INCREASE IN INCOME INDICATOR TARGETING INEQUALITY INFANT INFANT MORTALITY INFLATION INFORMATION SYSTEMS INSURANCE INTERNATIONAL FOOD POLICY INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INVESTMENT DECISIONS KIDS LABOR FORCE LABOR MARKETS LABOR SUPPLY LENDERS LIVING CONDITIONS LIVING STANDARDS LOCAL COMMUNITIES LOCAL COMMUNITY LOCAL GOVERNMENTS LOW INCOME LOW-INCOME COUNTRIES MACROECONOMIC STABILITY MAIN ANTI-POVERTY PROGRAM MALNUTRITION MARGINAL TAX RATE MARKET ECONOMIES MARKET FAILURES MARKET WAGE MEANS TEST MEANS TESTING MINIMUM WAGE MINORITY MONETARY POLICIES MORAL HAZARD MUTUAL INSURANCE NATIONAL COVERAGE NATURAL DISASTERS NEW DEAL NUTRITIONAL STATUS PERSISTENT POVERTY POLICY DISCUSSIONS POLICY MAKERS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLICY RESPONSE POLITICAL ECONOMY POLITICAL SUPPORT POOR POOR AREAS POOR COMMUNITIES POOR COUNTRIES POOR FAMILIES POOR HOUSEHOLD POOR HOUSEHOLDS POOR NUTRITION POOR PEOPLE POOR RURAL HOUSEHOLDS POORER PEOPLE POPULATION AND DEVELOPMENT POVERTY GAP POVERTY IMPACT POVERTY INCIDENCE POVERTY LINE POVERTY MAP POVERTY MAPS POVERTY RATE POVERTY REDUCTION POVERTY TRAPS PRIMARY SCHOOL PRIVATE TRANSFERS PRODUCTIVE ASSETS PRODUCTIVITY PROGRESS PUBLIC ACTION PUBLIC GOODS PUBLIC KNOWLEDGE PUBLIC SAFETY NET PUBLIC SAFETY NETS PUBLIC SPENDING PUBLIC WORKS PUBLIC WORKS PROGRAMS RAPID GROWTH RECESSIONS RECIPROCITY RESOURCE CONSTRAINTS RESPECT RESPONSE TO CRISES RISKY BEHAVIOR RURAL RURAL AREAS RURAL DEVELOPMENT RURAL EMPLOYMENT RURAL FAMILIES RURAL POOR RURAL ROADS SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SAVINGS SAVINGS RATES SCHOOL ATTENDANCE SECONDARY SCHOOL SECONDARY SCHOOL LEVEL SELF-INSURANCE SHOCK SOCIAL POLICY SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SAFETY NETS SOCIAL SECURITY SOCIAL SPENDING STOCKS SUBSIDIZING TARGETING TAXATION TECHNICAL ASSISTANCE TEENAGERS TRANSFER BENEFITS TRANSFER PAYMENT TRANSFER PROGRAM TRANSFERS IN CASH TRANSIENT POVERTY UNEMPLOYMENT UNEMPLOYMENT RATES UNINSURED RISK URBAN POPULATIONS VICTIMS WAGE RATE WAGE RATES WAGE WORK WAGES WEALTH INEQUALITY WEATHER RISKS WITHDRAWAL WORK PROGRAM WORK PROGRAMS WORK REQUIREMENT WORK REQUIREMENTS WORKFARE WORKFORCE WORKS PROJECT WORKS PROJECTS WORTH YOUNG CHILDREN While the 2008 financial crisis is global in nature, it is likely to have heterogeneous welfare impacts within the developing world, with some countries, and some people, more vulnerable than others. It also threatens to have lasting impacts for some of those affected, notably through the nutrition and schooling of children in poor families. These features point to the need for a differentiated social policy response, aiming to provide rapid income support to those in most need, while preserving the key physical and human assets of poor people and their communities. The paper points out some mistakes in past crisis responses and identifies key design features for safety net programs that can help compensate for the likely welfare losses in the short-term while also promoting longer-term recovery. 2012-05-21T20:16:30Z 2012-05-21T20:16:30Z 2008-10 http://documents.worldbank.org/curated/en/2008/12/10107893/bailing-out-worlds-poorest https://hdl.handle.net/10986/6288 English Policy Research Working Paper; No. 4763 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain Washington, DC: World Bank