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999: The human face of economic crisis
Date:9/21/2009

Los Angeles, London, New Delhi, Singapore and Washington DC (September 9, 2009) As the economy continues to unravel, a series of papers published today assess the effects of the crisis on children's health, education, and rights in East Asia and the Pacific. Crisis for Children, a special issue of the journal Global Social Policy, asserts investments can be made that will not only advance children's rights and break the cycle of poverty, but also safeguard countries' future economic growth and human development.

The special issue is one of the first to provide an in-depth, rigorous social policy analysis of the impacts of the global financial crisis on children. Following a related UNICEF conference on the 'Impacts of the Economic Crisis on Children', held in Singapore 6-7 January 2009, the papers highlight the social policies and protection systems most needed during times of crisis.

In the Asia and Pacific region almost 650 million people live in poverty on US$1 a day or less. Recent analysis suggests that a ten percent increase in food prices could push an estimated 105 million more people into poverty in the region a reversal of about seven years' work of poverty reduction.

"Poorer families in Asia spend on average 40-60 percent of their income on food alone," write UNICEF East Asia and Pacific's regional director Anupama Rao Singh and Regional Adviser for Social and Economic Policy Mahesh Patel in their paper Global Social Policy Forum: Children and the Economic Crisis. "Add to this the fact that regional growth will slow by 4-5% thereby creating enormous job losses and it is apparent how this could send millions back into poverty as the full force of these crises hit Asia."

Even before the financial crisis erupted and food and fuel prices spiked in 2008, studies had shown that millions of children were at risk, according to UNICEF (United Nations Children's Fund) economist Ronald Mendoza in his article Agg
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Contact: Mithu Mukherjee
mithu.mukherjee@sagepub.co.uk
44-207-324-2223
SAGE Publications UK
Source:Eurekalert

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