This book focuses on the main institutional changes affecting the Social Investment approach as the framework for the European social agenda. The contributions gathered address these issues from different angles, placing two fundamental issues at the centre of the analysis. The first concerns the promotion of the strategic actions of European institutions and the national governments aimed at making social investment a recovery priority in the Eurozone. The second aims to make the social investment approach compatible not only with a high road to growth, as it is in the Stock-Flow-Buffer scheme, but also with the right to balance market and non-market activities as a universal right linked to a different combination of working and living time. It will be of interest to all scholars and students of social policy and European politics.
The Uses of Social Investment provides the first study of the welfare state, under the new post-crisis austerity context and associated crisis management politics, to take stock of the limits and potential of social investment. It surveys the emergence, diffusion, limits, merits, and politics of social investment as the welfare policy paradigm for the 21st century, seen through the lens of the life-course contingencies of the competitive knowledge economy and modern family-hood. Featuring contributions from leading scholars in the field, the volume revisits the intellectual roots and normative foundations of social investment, surveys the criticisms that have leveled against the social investment perspective in theory and policy practice, and presents empirical evidence of social investment progress together with novel research methodologies for assessing socioeconomic 'rates of return' on social investment. Given the progressive, admittedly uneven, diffusion of the social investment policy priorities across the globe, the volume seeks to address the pressing political question as to whether the social investment turn is able to withstand the fiscal austerity backlash that has re-emerged in the aftermath of the global financial crisis.
"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 argues with examples that absolute poverty is not an inevitable consequence of economic growth, that equitable economic growth is necessary to secure the eradication of poverty, and that the benefits of economic growth need to be invested in developing socio-political structures that can foster sustainable democracy and accountability
Conventional measures of project quality are not reliable indicators of the value of investments or employment components of emergency programs. The inclusion of these components has costs and benefits that must be somewhat subjectively weighed against those of a benchmark "smart" transfer that costlessly reaches the target beneficiary.
This book investigates the political conditions and policies most likely to bring about progress toward inclusive development, drawing on in-depth analyses of four cases studies with distinct development trajectories (Mexico, Indonesia, Chile and South Korea). While exclusion and differential inclusion have long been features of development in the Global South, economic globalization has introduced new forms with which Global South countries must grapple. The book highlights the main policy drawbacks of most official approaches: neglect of the need to enhance the role and capacity of states, the focus on certain types of poverty alleviation strategies, and the tendency to disregard the need for productive employment generating activities and rural development. Neglect of issues of power and politics, however, is the most glaring inadequacy. Teichman argues that making progress toward inclusive development is primarily a political struggle. It requires a committed leadership with broadly based societal support - an inclusive development coalition - which includes usually small but politically important middle classes.
This book gives a critique of the contemporary global capitalist system and the adverse consequences suffered by the developing countries as a result of their 'integration' into this system. The current neoliberal paradigm of capitalist development as the only or the best alternative for the economic, social and political development of the developing countries is rejected. The authors search for more human and ecologically sustainable alternatives, focusing on Latin America, Asia and women. Contributors are David Barkijn, Robert N. Gwynne, Richard L. Harris, Cristóbal Kay, Jorge Nef, Mustapha Kamal Pasha, Cathy A. Rakowski, Wilder Robles, Melinda J. Seid, and John Weeks.