The Role of Social Security Schemes in Reducing Poverty and Inequality: A Comparative Study in Southeast Region
DOI:
https://doi.org/10.56294/sctconf2024.718Keywords:
Social Security Schemes, Poverty, Inequality, Southeast Asian countriesAbstract
Introduction: For countries and international organizations, the global problem of ending extreme poverty and reducing inequality is still very important. Even with strong economic growth and attempts to reduce poverty, a significant proportion of the world's population faces extreme financial difficulty.
Objectives: This study evaluates Southeast Asian nations' social security systems—Thailand, Vietnam, Indonesia, and the Philippines—and contrasts their results with those of India. Its objective is to assess the effects of different social security programs—such as healthcare coverage, job benefits, and pension systems—on reducing poverty, reducing malnutrition, and enhancing educational opportunities.
Methods: Using a quantitative analysis approach, this study examines the efficacy of social security programs from 2014 to 2024 using secondary data from government papers and international organizations.
Results: The results show that different countries have had different levels of success in raising socioeconomic indices. The analysis shows the successes and difficulties in using tailored social security measures to combat poverty and inequality.
Conclusions: Compared to India, the study highlights the differences in the results of social security schemes in Southeast Asia. It offers important lessons for bettering policy by illuminating the advantages and disadvantages of these initiatives in reducing severe poverty and inequality
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Copyright (c) 2024 Nistha Pattar, Prof. (Dr.) Parveen Kumar Mehta (Author)
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