![]() ![]() This research uses empirical data from a cross-sectional survey of households that was specifically designed to examine the vulnerability and resilience of households to global macroeconomic shocks. ![]() ![]() However, a lack of household-level quantitative data means that there is little information on how these shocks affected households in either Vanuatu or Solomon Islands. Recent global macroeconomic shocks, including the spike in international food and fuel prices in 20 and the subsequent Global Economic Crisis (GEC), pushed many households in developing countries into poverty. However, the vulnerability and resilience of households in these countries to experiencing poverty as a result of economic shocks is less understood. The Small Island Developing States of Vanuatu and Solomon Islands are renowned for their exposure to exogenous shocks. It finally estimates the costs of developing or strengthening the foundations of such systems and proposes directions to fund such initiatives. Third, it proposes policy and programmatic directions to set up better integrated systems of social protection and risk management that could help build resilience against recurrent shocks and chronic vulnerability. It then reviews the mechanisms of social protection in each country, underscoring their effectiveness and limitations, and pointing to good practices that could be expanded. It first highlights key vulnerabilities across these nations due to their high exposure and sensitivity to shocks, and to their relatively low coping capacities to overcome these and reduce their long-term vulnerabilities to crises. This paper reviews the actual and potential contributions and cost of social protection to strengthen resilience to shocks in Burkina Faso, Chad, Mali, Mauritania, Niger and Senegal, six dry-lands Sahel countries among the poorest in the world and highly exposed to recurrent economic, social and climatic shocks with intensifying and disabling effects on the poor. ![]()
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