Benefits And Drawbacks Of Cash Transfer Programmes Essay

These days, the world is still facing the poverty. The programme calls social protection was established to address poverty. Social protection has many forms including cash transfers which are now popular and attractive by their accomplishments around the world. Unsurprisingly, cash transfer has been held by many as the latest universal panacea to attack poverty. However, there still be an argument over this belief. Therefore, in the essay I will focus on cash transfer programmes whether they are latest universal panacea to solve poverty or not, including the evaluation of these programmes. There are five parts in this essay, begin with the definitions of social protection. Followed by, the interpretations and types of cash transfers, which are conditional and unconditional cash transfer. The third part is the discussions of the rationale why cash transfers are seen as the latest universal panacea for attacking poverty and why they are not. Thus, the fourth part is the arguments betw een benefits and drawbacks of cash transfers from scholars and studies. Finally, the evaluation of the arguments of scholars whether cash transfers are good or not. From all arguments that will be discussed in this essay insist that cash transfers are not the latest universal panacea for attacking poverty and they are not good to follow. What is Social protection? Social protection has been introduced in many parts of the world for a while. At the end of the nineteenth century, developingShow MoreRelatedEssay about Pros and Cons of the Private Insurance Industry2717 Words   |  11 Pageswithdraw its coverage of vulnerable areas. However, insurance mechanism can bring various benefits in terms of loss and damage associated with natural disasters and increasing efforts for equity in the industry in the world. 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