Black Sea and Central Asia

Promoting Work and Well-Being

image of Black Sea and Central Asia

This book analyses the opportunities and conditions of employment throughout the Black Sea region and Central Asia. It examines how different countries deal with social issues affecting well-being. It presents, thus, both a country-based view and a whole-region analysis that will be useful for policy makers and civil society in responding to the challenges ahead. Countries covered include Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Kazakhstan, the Kyrgyz Republic, Moldova, Romania, Russia, Serbia, Tajikistan, Turkey, Turkmenistan, Ukraine and Uzbekistan.

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Households' Responses and Coping Mechanisms

OECD Development Centre

As discussed in the previous chapter, the malfunctioning of labour market institutions and the limited ability of firms to respond to shocks in the initial years of transition led to the need for households to adopt coping strategies to mitigate the effects of income variability. This was especially true where formal financial institutions that offer insurance services were poorly developed. The continuation of many of these strategies in the recovery period today provides both opportunities and challenges for the implementation of government policies.

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