This month’s newsletter is dedicated to the United Nations Africa Industrialisation Day, marked each year on 20 November. We therefore present highlights on the contribution of social protection to poverty reduction and economic growth in Africa.
Industrialisation is a process that sees the large-scale introduction of manufacturing, technology, and productive economic activity. Accompanying the pursuit of industrialisation with comprehensive social protection supports growth that is inclusive and sustainable. Social protection has been recognised as an important policy tool for low and middle-income countries for promoting inclusive economic growth, by supporting productive inclusion, women’s economic empowerment, access to decent work, and stimulating local economies.
See the impacts of the “From Protection to Production” (PtoP) project on seven African programmes. There is evidence of significant local economy spill overs, resulting in income multipliers accruing to non-beneficiary households.