"(...) (S)ocial protection would be composed of a set of actions financed by the State that would:
i) support individuals and families in dealing with vulnerabilities along their lifecycle;
ii) help especially the poor and vulnerable groups to have resilience to respond to crisis and shocks, including social-environmental risks;
iii) favor social inclusion and support families, particularly the most vulnerable to poverty, in building up (and keeping) their human and social capital through smoothing of income and consumption and ensuring their access to basic goods and services;
and iv) stimulate productive inclusion through the development of capabilities, skills, rights and opportunities for the poor, marginalized and excluded groups, as well as low income workers from the formal sector in order to guarantee that everyone benefits from the economic growth process and gets engaged in it. "
Source: Lal, R. et al. 2012. "Global South innovations in social protection". The Pespective of the World Review, Vol. 4, No. 2. Brasilia: Instituto de Pesquisa Econômica Aplicada (IPEA). <https://www.socialprotection.org/discover/publications/global-south-innovations-social-protection>. Accessed 18 June 2020.