Nowhere in the world presents a more dramatic case of wealth creation than East Asia. Contrary to the common belief that social policy in the economic powerhouses of the region is secondary to their pursuit of economic growth, Gyu-Jin Hwang argues that it has in fact played an integral part in building strong states and competitive market economies. Building Markets examines the original four Newly Industrialised Economies (NIEs) of East Asia: Hong Kong, Korea, Singapore, and Taiwan, as well as Japan, the regional forerunner in both economic and social terms. Chapters undertake a comparative analysis of the various social policy measures and redistributive efforts taken across a diverse range of social policy sectors in the region, covering cash transfers, healthcare, education, housing, and family policy. Addressing the mounting pressure on East Asian economies to rethink their growth strategies, Hwang concludes with a call for social means to be diverted, adapted, and converted to serve new social ends. Integrating cutting-edge theoretical insights with detailed policy analysis, Building Markets will be an invaluable tool for academics and postgraduate students interested in social policy, economics, and development in East Asia.

Why has Korean social policy developed differently from that of other East Asian countries? While in many respects Korea can be compared with Taiwan, Hong Kong and Singapore, where economic development has been the chief priority of state action, Korea has also implemented extensive welfare reform, expanding its welfare provision even under recent conditions of economic downturn. Gyu-Jin Hwang traces the development of the Korean welfare state, providing a fascinating case study for observers of East Asian industrial growth and the public management of social risks. Arguing that the extension of state welfare presents a unique challenge to existing theoretical propositions underlying social policy development, he draws on detailed empirical analysis of key policy areas, namely public assistance, national pensions, health care and employment insurance. The book offers a definitive analysis of the development of Korean social policy programmes and the politics of implementing them. The book will be important reading for all those interested in comparative Social Policy and more specifically the development of Social Welfare in Asian countries.

Why has Korean social policy developed differently from that of other East Asian countries? While in many respects Korea can be compared with Taiwan, Hong Kong and Singapore, where economic development has been the chief priority of state action, Korea has also implemented extensive welfare reform, expanding its welfare provision even under recent conditions of economic downturn. Gyu-Jin Hwang traces the development of the Korean welfare state, providing a fascinating case study for observers of East Asian industrial growth and the public management of social risks. Arguing that the extension of state welfare presents a unique challenge to existing theoretical propositions underlying social policy development, he draws on detailed empirical analysis of key policy areas, namely public assistance, national pensions, health care and employment insurance. The book offers a definitive analysis of the development of Korean social policy programmes and the politics of implementing them. The book will be important reading for all those interested in comparative Social Policy and more specifically the development of Social Welfare in Asian countries.

The fast changing economic climate is creating substantial pressure for welfare state restructuring worldwide. Yet the discussion regarding challenges faced and the responses required has been confined to the 'standard welfare states' in the West. This book examines whether these challenges also apply to the countries in the East, whether these countries have generated different responses to their Western counterparts, and whether they have undergone a process of regime transformation while responding to these pressures. Comparative in approach, this book offers lively discussion on the new social challenges faced in East Asia following the unprecedented scale of the recent global financial crisis. It reaches beyond policy descriptions to offer more systematic analyses of welfare restructuring in the region in relation to the fast changing global economic order. By examining the dynamics of welfare state restructuring both in terms of continuity and change, it explores intensified impacts of global restructuring of welfare and the nature of welfare state adaptation in the region. This fascinating and thought provoking read will prove invaluable to academics, researchers and students with an interest in social policy, international social policy, comparative social policy. Contributors include: P. Abrahamson, N. Goishi, T. Hiroko, J. Hudson, G.-J. Hwang, D. Jung, S. Kuhner, S.S.-y. Lee, J. Liu, K.H. Mok, C.-u. Park, J. Yamashita