Social safety nets are necessary to protect vulnerable populations in times of economic crisis from "summary" of Globalization and Its Discontents by Joseph E. Stiglitz
In times of economic crisis, vulnerable populations are the ones who suffer the most. They often do not have the resources or support systems in place to withstand the shocks that come with economic downturns. This is where social safety nets come in - they act as a form of protection for those who are most in need. Social safety nets are essential because they provide a buffer for individuals and families who are at risk of falling into poverty or becoming further marginalized during times of crisis. These safety nets can take various forms, such as unemployment benefits, food assistance programs, and healthcare coverage. By providing a basic level of support, social safety nets help to ens...
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