Monday, June 21, 2010


IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau


Asian Development Bank (ADB)


Poverty and Sustainable Development in Asia: Impacts and Responses to the Global Economic Crisis


[full-text, 543 pages]


Press Release 17 June 2010

ADB Calls for More Social Protection in Wake of Global Economic Crisis


MANILA, PHILIPPINES - The global economic crisis highlights the urgent need for stronger social protection programs in Asia and the Pacific, and policy makers must use the current rebound as an opportunity to make the region's future growth more inclusive, according to a book launched here Thursday.


"Economic shocks such as those that we have witnessed over the past two to three years not only have a negative impact on people's livelihoods and financial resources, but also on human development, including health conditions and educational achievements," said ADB Vice-President Ursula Schaefer-Preuss.


"Economic growth alone is insufficient to reduce poverty. We must not lose the opportunity presented by the crisis to adopt measures that will soften the human impacts of future shocks, and lay the groundwork for more inclusive, sustainable growth in the region."


Ms. Schaefer-Preuss spoke at the launch of "Poverty and Sustainable Development in Asia: Impact and Responses to the Global Economic Crisis", a collection of studies assessing the impact of the crisis on a range of areas, including health, gender, migration, remittances, and education.


Edited by ADB economists Armin Bauer and Myo Thant, and including contributions from key experts in think tanks and development partners from the Asia and Pacific region, the book urges policy makers to invest in social protection and broaden health insurance, build up pension funds, and provide targeted social assistance programs, including conditional cash transfers and employment guarantee schemes.


"Crises are not exceptions, but accrue in cycles," Ms. Schaefer-Preuss said. "It's critical that we understand that major downturns will inevitably occur in the future, and plan accordingly to ensure that the most vulnerable sectors of society are better protected the next time around."


The book is a joint work of ADB, the ADB Institute (ADBI), the German Development Cooperation (BMZ/GTZ/KfW), the United Kingdom Department for International Development (DFID), the International Labour Organization (ILO), the International Poverty Reduction Center in China (IPRCC), the Japan International Cooperation Agency (JICA), the United Nations Development Programme (UNDP), the World Health Organization (WHO), World Bank, and the Governments of the People's Republic of China and Viet Nam. The original conference proceedings are available and the book can be downloaded at:



This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       



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