Welfare Reform And Social Investment Policy In Europe And East Asia

Social investment policies have enjoyed prominence during recent welfare reforms across the OECD world, and yet there is insufficient long-term strategy for their success. Reviewing labour market, family and education policies, this edited collection analyses the emergence of social investment policies in both Europe and East Asia. Adopting a life course perspective and examining both public and private investments, this book addresses key contemporary policy issues including care, learning, work, social mobility and inequalities. Providing original observations, this seminal text explores the roads and barriers towards effective social investment policies, derives practical social policy implications and highlights important lessons for future policymaking.

Social investment policies have enjoyed prominence during recent welfare reforms across the OECD world, and yet there is insufficient long-term strategy for their success. Reviewing labour market, family and education policies, this edited collection analyses the emergence of social investment policies in both Europe and East Asia. Adopting a life course perspective and examining both public and private investments, this book addresses key contemporary policy issues including care, learning, work, social mobility and inequalities. Providing original observations, this seminal text explores the roads and barriers towards effective social investment policies, derives practical social policy implications and highlights important lessons for future policymaking.

Welfare states around the globe are changing, challenged by the development of knowledge economies. In many countries, policy-makers' main response has been to modernize welfare states by focusing on future-oriented social investment policies that focus on creating, mobilizing, and preserving human skills and capabilities. Yet, there is massive variance in the development of social investment strategies. The World Politics of Social Investment: Political Dynamics of Reform is the second of two volumes of the World Politics of Social Investment (WOPSI) project, which systematically maps and explains different welfare reform strategies in democratic countries around the world. This volume traces the development of social investment reforms across the regions of Nordic, Continental, and Southern Europe, as well as Central and Eastern Europe, North and Latin America, and North East Asia. The chapters in this volume study the impact of different structural drivers for social investment (e.g., demographic, poverty, demand for skill, or lack of an available workforce), the salience of social investment in the public debates, and the different political coalitions that led to or prevented the adoption of social investment strategies. The chapters are written by leading social policy scholars from different world regions. They all apply a joint theoretical framework (developed in the first of the two volumes) to explain the politics of social investment in a range of contexts and policy fields. Jointly with the first volume, the WOPSI project offers the first worldwide analysis of social investment reforms around the globe.

"Around the turn of the 21st century, new social policies started to develop all around the world. Bolsa Familia in Brazil, Progresa in Mexico, Superémonos in Costa Rica, Juntos in Peru... almost all Latin American countries have developed "conditional cash transfers" (CCTs), a new type of social policy usually conditioning benefits for poor families on their children going to school or attending health checkups. At the same time, some old industrialized countries famously known for being the heaven of the male breadwinner model have introduced surprising innovation in their welfare systems: in Germany massive investment in preschool childcare (Kita) since the early 2000s and the introduction of two "daddy months" in a German parental leave scheme in 2007; in Japan a well-paid parental leave in 2014 and universalization of free preschool education for ages 3-5 in 2017; in South Korea childcare facilities for children below the age of five made free of charge in 2013. Policies aimed at investing in children's care and education and in mothers' labor market participation seem to have bloomed almost everywhere. Worldwide there has been a sharp increase in access to secondary and tertiary education. Youth training programs have spread in many Latin American countries, while European countries have introduced youth guarantees, an innovative inclusive policy for their NEETs (young people not in education, employment, or training)"--

This book contributes to the growing literature on social investment by discussing the way social investment ideas have been adopted in different countries and in various academic and professional fields, including social policy, development studies and non-profit management. Documenting the experience of implementing social investment in different communities, it encourages a One World perspective that integrates these diverse experiences and promotes policy learning between different nations.

This book questions whether the recently promoted European 'social investment' strategy is able to regenerate the welfare state, promote social inclusion, create more and better jobs, and help address the challenges posed by the economic crisis, globalisation, ageing and climate change. To assess the diversity, achievements, shortcomings and potentials of social investment policies, it brings together some of the best social policy scholars and well-known policy experts, connecting academic and policy debates around the future of the welfare state. Supported by the Nordic Center of Excellence NordWel and the EU funded Network of Excellence RECWOWE (Reconciling Work and Welfare).

Social policy reforms driven by profound social changes have been a popular and pressing topic worldwide in recent years in both policy and academic circles. In this book, prominent social policy scholars from Europe, North America, and Asia discuss the history of social policies, compare different social development models, and analyze the challenges facing these economies' social policy reforms. The book provides comprehensive and comparative perspectives and updated data on social development and social policy reforms in the world's major economies, and particularly, in mainland China.

The World Politics of Social Investment: Political Dynamics of Reform traces the development of social investment reforms across the regions of Nordic, Continental, and Southern Europe, as well as Central and Eastern Europe, North and Latin America, and North East Asia. The chapters in this volume study the impact of different structural drivers for social investment (e.g., demographic, poverty, demand for skill, or lack of an available workforce), the salience of social investment in the public debates, and the different political coalitions that led to or prevented the adoption of social inv.