- The CRC Series on Competition, Regulation and Development
Edited by Paul Cook, Colin Kirkpatrick, Martin Minogue and David Parker
Chapter 17: Regulation and social protection
Armando Barrientos1 There is an emerging consensus among multilateral institutions around the need for developing countries to establish and strengthen social protection policies and programmes as an urgent response to economic crisis and rising vulnerability (IADB 2000; ADB 2001; ILO 2001; World Bank 2001).2 The interest in social protection is a consequence of globalisation trends which increase risk and vulnerability and therefore the demand for social protection, but also restrict the capacity of governments to respond to this demand (Rodrik 1997; Alesina 1999; Tanzi 2000). As an emerging paradigm of social policy in developing countries, social protection covers a wider range of programmes, stakeholders, and instruments than alternatives such as ‘social security’, ‘social insurance’, or ‘safety nets’. This chapter explores the implications arising from the adoption of social protection for the regulation of enterprises and markets. The emergence of social protection has important implications for the regulation of enterprises and markets. Regulation is here understood as rules, norms, and institutions, aimed at achieving stated public policy goals. The emerging social protection agenda gives regulation a very significant role in reducing social risk and vulnerability. It encourages the reform and extension of existing regulation, and the development of new forms of regulation in developing countries (World Bank 2001). This includes the extension of labour standards as an important instrument in preventing and mitigating employment related income risk. It also includes mandated employee insurance covering health expenditures, work related injuries and disability, and old age and dependant pensions (ILO 2001). The...
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