Latin American market-oriented reforms along the lines of the Washington Consensus need to be supplemented by number of social policies to achieve a more equitable society. While there has been considerable progress to achieve a more equitable society. While there has been considerable progress in enhancing the efficinecy, much less has been made with regard to improving the socil situation. Germany has a long and successful tradition of a social market economy. However, developments in recent years have shown various pitafalls in the current economic and social security systems and the need for appropriate adjustments. Therefore, Germany as well as most Latin American contries have to look for new soultions to combine social justice with economic efficiency. This voulme addresses some fo the most pertinent problems in this respect. Contents: Hermann Sautter/Rolf Schinke: A Foreword--Hermann Sautter: "Social Justice" --its Meaning and its Implementation in a Market Economy--Rolf Schinke: Indicators of Social Justice inLatin America: A Matter of Concern?--Hans Jurgen Rosner: The Institutional Framework of a Social Market Economy--Kknut Gerlach: Harmonizing Equity wiht Growth: The Role ofEducational Policy--J.--Matthias Graf von der Schulenburg: Harmonizing Equity with Growth: The Role of Health Policy--Klaus Biebig: Ongoing Reformas of Latin American Health Systems: Can Market-Oriented Reforms Help to Solve the Problem?--Peter Ruhmann: The German Labor Market Institutions--Will They Meet the Demand to Globlization and Europeanization?--Winfried Schmahl: Old-Age Security: Design andkEffects of Pension "Schemes: Some Basic Aspects--Hermann Sautter: "Social Justice" in a Market Economy--SomeResults of the Discussion.