Social Security for the Unorganized Sector: Challenges and Opportunities

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In simple terms, ‘social security’ can be defined as the mechanism to ensure that individuals in a society are able to maintain their standard of living through adversities and contingencies of life. In the context of poverty alleviation and development, social security also includes measures to address the basic needs of people. One of the major achievements of the twentieth century was the recognition of social security as a ‘basic human right’, and in the developmental paradigm of the twenty-first century, ‘social security for all’ is an avowed objective. Despite this universally recognized obligation of social security, large sections of people (70% and over), especially in developing countries, have little or no social security. These sections of people usually work in the unorganized sector, or the ‘informal economy’. In India, for instance, 93% of the total workforce is in the unorganized sector, and has virtually no social security. The unorganized sector includes self-employed workers in various occupations (including small and marginal farmers), agricultural labourers, street vendors, and home-based workers. This book highlights the urgency of extending social security to the unorganized sector, brings up the issues involved, and presents the experiences of different countries in providing social security to their unorganized workers, from which lessons and insights can be drawn. Policy makers and analysts, development practitioners, and researchers will find this book useful.

ABOUT THE AUTHOR Meenu Bhatnagar

Meenu Bhatnagar holds a bachelor's degree in Political Science (Hons.) from Delhi University, Post Graduate Diploma in General Management and Post Graduate Diploma in International Business, both from Indian Institute of Management and technology, Chennai. She is presently working as faculty associate at Icfai Business School, Research Centre (Books), Ahmedabad. She has more than 25 years of work experience in industries. She worked for the National Thermal Power Corporation (NTPC) – a Government of India undertaking at New Delhi and various companies viz., Allied Publishers Ltd., New Delhi, Jekson Hydraulic Ltd., Lalan Exports at Ahmedabad. She has written articles for magazines and books published by Icfai University Press. Her areas of expertise and interest include developmental sector, rural development, environment etc.

ABOUT THE AUTHOR S. Rajagopalan

S Rajagopalan holds an MBA in Finance from Gujarat University. He has worked for five years in the development sector in the area of microfinance and livelihood promotion for the poor, both with non-governmental organizations and the government. Prior to his stint in the development sector, he had worked in the area of corporate financial analysis and research for a research organization for five years. Currently, he is a Consulting Editor at The ICFAI Business School, Ahmedabad.

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Bibliographic information

Title
Social Security for the Unorganized Sector: Challenges and Opportunities
Author
Edition
1st ed.
Publisher
ISBN
8131413810
Length
268p.
Subjects