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The World Politics of Social Investment: Volume I - Welfare States in the Knowledge Economy (Hardcover)
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The World Politics of Social Investment: Volume I - Welfare States in the Knowledge Economy (Hardcover)
Series: International Policy Exchange
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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: Welfare States in the 21st Century is the first 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
develops a theory on the political and socio-economic conditions
for the development of social investment policies around the globe,
and studies the impact of the main explanatory factors on the
empirical variety of social investment reforms (and non-social
investment reforms). It also proposes a new typology of different
welfare reform strategies, distinguishing nine types of social
investment strategies depending on their functions (creating,
mobilizing and preserving human skill and capabilities) and their
distributive profiles (inclusive, stratified or targeted), and
three types of non-social investment welfare strategies (market
liberalism, social protectionism and basic income). The chapters of
this volume are written by leading social policy scholars from
different disciplines and countries, who apply the WOPSI global
theoretical framework in a range of contexts and policy fields,
shedding light on the scope conditions of social investment, as
well as political demand- and supply-side drivers of social
investment reforms. This volume on its own or in conjunction with
the second volume is an invaluable resource on the state of modern
welfare and social investment policies from around the globe.
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