Investing in social programs can soften the blow of inequalities and foster more stable societies. In this podcast, we speak with Deborah Greenfield, Deputy Director General for Policy at the International Labour Organization, which was formed one hundred years ago out of the Paris Peace Conference at the end of World War 1. And while the work environment has changed dramatically in the past one hundred years, gaining access to basic social programs remains a struggle for far too many workers around the world today. A recent ILO study says more than half the global population lacks healthcare and social security. Greenfield says social protection floors provide important support to workers as they transition into the changing job market.
Read the paper about IMF Engagement on Social Spending,