Question:
Institutional safeguards to minimize the negative effects of globalization on those who are economically weak are known as _________
Institutional safeguards to minimize the negative effects of globalization on those who are economically weak are known as _________
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Social safety nets are programs specifically designed to reduce the negative impacts of economic transitions on vulnerable groups.
Updated On: May 12, 2025
- Welfare measures
- Social safety nets
- Economic liberalization
- Voluntary services
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The Correct Option is B
Solution and Explanation
Social safety nets are the institutional measures designed to protect the economically vulnerable segments of society. These include unemployment benefits, pension schemes, and social insurance policies. Their purpose is to reduce poverty and inequality while offering a basic level of financial protection to those who are economically disadvantaged, especially in the face of globalization and market-driven policies.
In contrast, welfare measures are broader and could include social services, but the term "social safety nets" specifically refers to the systems that provide direct financial assistance or support to vulnerable populations.
Thus, the correct answer is (B) Social safety nets.
In contrast, welfare measures are broader and could include social services, but the term "social safety nets" specifically refers to the systems that provide direct financial assistance or support to vulnerable populations.
Thus, the correct answer is (B) Social safety nets.
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