5min chapter

The Seen and the Unseen - hosted by Amit Varma cover image

Ep 274: Two-and-a-Half Bengalis Have an Economics Adda

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

The Balance Between Welfare Redistribution and Growth Dividends

There are three instruments of welfare. One is what we call protective measures, which protects the poor write that you won't fall further below in your income. There are preventive measures, which tend to be much more financed and use money now to save for a crisis in the future. O social insurance and theiar promotional measures,. so that skill training, livelihoods programms, all these kinds of things. And i think one thing that really works in terms of uplifting people from poverty and improving their living standards is growing economic growth. We have no policy articulation right now on how to tackle this balance - it's going to be one of the most important questions as economists, politicians, anyone

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