SOCIAL RISK MANAGEMENT IMPLEMENTATION WITHIN THE CONTEXT OF THE EXPERIENCE OF DEVELOPING COUNTRIES

Abstract

The article presents an analysis of the theoretical basis that facilitates the implementation of an integrated and coordinated system of social protection and labor programs, concerning social risk management methodology. The introduction of the specifics of the application of social risk management strategies and instruments, using the example of developing countries, are disclosed on the basis of the portfolio approach to program initiatives. The article implements the author’s approach to interpretation of the portfolio of social protection and labor programs within the framework of the concept of social risk management. At the heart of the author’s approach, the principles of sustainability, equity, provision of opportunities and consideration of the effect of limiting factors are found.