The UN Social Protection Floor Initiative: Turning the Tide at the ILO Conference 2011

For a long time, the international community has failed to give prominence to the Human Right to social security. Many nation states seemed to hide behind the principles of progressive realization. While the quality of social security improved gradually for many workers in the formal economy worldwide, a large number of workers in the informal economy had been left without social security coverage even in countries witnessing persistent economic growth.

The demonstration that a basic set of social security benefits is affordable, also for developing countries, first broke the spell that had beset the social security development debate. However, it took a global financial and economic crisis to push social security to the top of the international agenda, when social security systems were recognized as important economic stabilizers even by the G20.