This note analyzes the impact of the economic crisis in 2008 on poverty and well-being, government policies to mitigate the crisis, and possible future policies to better protect the poor and accelerate recovery.
... Exibir mais + It addresses four main questions. First, how the economic situation affected households in Georgia, and how have they tried to cope with the shock to their livelihoods? Second, how have the level and distribution of poverty changed as a result of the crisis? Third, to what extent have government policies, and particularly social protection policies, mitigated the impact of the crisis on the poor? And fourth, looking forward, what other policy options are available that may provide better protection for the poor? The note is organized as follows. Section 2 provides an overview of the Georgian economy and discusses the evolution of poverty in Georgia. Section 3 assesses the impact of the economic crisis on poverty and welfare in Georgia, drawing from a range of household surveys and simulations. Section 4 reviews the governments social policy response to the crisis, particularly the effectiveness of targeted social assistance and pensions in mitigating the poverty impact. Section 5 explores future policy options for crisis mitigation in Georgia, including expansion of existing social protection programs as well as adoption of policies that have proved successful elsewhere in the region. Section 6 presents a brief summary and concluding observations. A technical annex describes the details of the simulation methodologies employed.
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This note analyzes the impact of the economic crisis in 2008 on poverty and well-being, government policies to mitigate the crisis, and possible future policies to better protect the poor and accelerate recovery.
... Exibir mais + It addresses four main questions. First, how the economic situation affected households in Georgia, and how have they tried to cope with the shock to their livelihoods? Second, how have the level and distribution of poverty changed as a result of the crisis? Third, to what extent have government policies, and particularly social protection policies, mitigated the impact of the crisis on the poor? And fourth, looking forward, what other policy options are available that may provide better protection for the poor? The note is organized as follows. Section 2 provides an overview of the Georgian economy and discusses the evolution of poverty in Georgia. Section 3 assesses the impact of the economic crisis on poverty and welfare in Georgia, drawing from a range of household surveys and simulations. Section 4 reviews the governments social policy response to the crisis, particularly the effectiveness of targeted social assistance and pensions in mitigating the poverty impact. Section 5 explores future policy options for crisis mitigation in Georgia, including expansion of existing social protection programs as well as adoption of policies that have proved successful elsewhere in the region. Section 6 presents a brief summary and concluding observations. A technical annex describes the details of the simulation methodologies employed.
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